The hosts of the COP27 climate talks on Tuesday launched a global plan to help the world's poorest communities withstand the impacts of global warming.
, named after the Egyptian resort where the talks are being held, the plan sets out 30 goals to hit by the end of the decade to enhance the lives of 4 billion people.
Other goals include protecting 3 billion people from catastrophic weather events by installing early warning systems to help them prepare; investing $4 billion into mangrove restoration, which protects against flooding; and expanding clean cooking options to 2.4 billion people to reduce indoor air pollution.
In total, the plan seeks to mobilise up to $300 billion a year from private and public investors. By contrast, the world's biggest multilateral development banks spenton adaptation finance for poorer countries in 2021, a report by the lenders published last month showed. Among specific Africa-focused projects to be announced at COP27 that will help meet the adaptation targets are a plan to improve water resilience for 29 million people across 100 cities.
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