A few weeks ago, Indonesia and Egypt were again in the global spotlight. They hosted global meetings that could hopefully reverberate for years to come and transform climate commitments into real action.
Indonesia and Egypt are two nations that have historically been in the spotlight amid pressing global challenges. In the 1950s and 1960s, the two were the key members of the global movement that later became known as the Non-Aligned Movement.
A few weeks ago, the two countries were again in the global spotlight. They hosted global meetings that could hopefully reverberate for years to come and transform climate commitments into real action.
Indonesia recently hosted the Group of 20 Summit in Bali with global climate action as one of the key commitments in the G20 Leaders’ Statement. Meanwhile, in parallel, Egypt hosted the United Nations climate summit (COP27) in Sharm el-Sheikh.
These two summits appear to echo concerns over future global risks presented by the 2022 Global Risk Report by the World Economic Forum. That is, the very top risk threating our civilization in the next decade, according to the report, is that we are not taking enough action to address climate issues.
Progress from COP27, G20 Summit
While some may be disappointed by the outcomes of COP27, we can celebrate certain positive results. The first is the loss and damage fund. One good outcome of COP27 is that the attending countries finally agreed on a dedicated fund to address damages from climate change, and this should be settled before COP28.
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