Patrick, thank you very much.
Your Excellencies, my sisters and my brothers, if you allow me: I would like to thank everyone for all the inspiring words that we have heard, and in fact the pragmatic suggestions, because that is what counts actually, Patrick, as you said.
And I want to thank you, Patrick, and your team at the Global Adaptation Center for putting this together, with the African Union, with Akin and the African Development Bank.
This is a critical peak. I want to start by saying that, unlike Kristalina, I don’t have original jokes to offer. But I noted the joke you made, and I will use it – like a good politician, I will repeat it and claim it as my own in future events!
Friends, we are ten months away from COP26. And, as I think we heard, that was a big step on adapting and the work that we’re doing around that.
We have the Glasgow/Sharm-El-Sheik work programme, which has embarked on the global adaptation goal.
And in Glasgow we also had the event – which I was very happy to attend – on the launch of the African Adaptation Acceleration Programme. And Akin, you talked about the £20m of UK funding for the program.
This is to ensure that we provide policy and project support to those working to design and implement transformational adaptation interventions.
And so, whether in agriculture or infrastructure, or innovative finance, as Ngozi has said (and others have commented): ultimately, we also have to consider the fight against change climate change as an opportunity for growth. For jobs, for the economy.
And I think if we don’t encourage everyone to do that, we won’t make the progress that we need.
Ban and other leaders referenced the commitment we secured at the COP from developed countries to at least double their collective provision on adaptation finance for developing countries by 2025.
I can tell you it was not an easy process, but we got there. And the reality now is that countries have to keep their promises.
You will all have seen the OECD figures that came out for 2020 on the $100 billion target. We are moving in the right direction on adaptation, but the reality is that we are going to have to pick up that pace.
Patrick, you said don’t talk about all the things that are wrong with the world when it comes to climate, so let me say this: the one thing I think each of us can say is enough to look in our own country, our continents, is that the chronic threat of climate change has worsened since COP26.
Things are not improving.
I could give you all the examples from Africa I have here, but I’m not going to because you know all about it.
I can tell you from a UK perspective, for the first time we had wildfires this summer; we have declared droughts; we have climate emergencies in terms of reported temperature levels this summer.
Climate change knows no borders. And I think the sooner every world leader recognizes that, the better.
We have sixty-two days before COP27. Patrick, you said we wanted to see what was really going to happen.
One of the things we agreed on is that there would be a progress report on the $100 billion delivery plan, which our friends in the Canadian and German governments are working on.
We will post this before COP27, so we can see what progress is actually being made.
And of course, this will require all providers – MDBs and others – to set clear and ambitious adaptation finance targets when we meet in Egypt.
And I also want to acknowledge the brilliant work that Kristalina and her team have done on the RSD; it’s truly remarkable, so thank you very much for all of your leadership in this regard.
We know that the annual costs of adaptation are expected to reach at least $140 billion per year by 2030, and frankly, public finance will not suffice. We are going to need private funding. And so in a way I agree; I wish we had more private finance providers around this table.
You have all made very clear the challenges we face and how we are meeting them. And I want to acknowledge, first, the tremendous support and help I’ve received from Amina over the past few years in this role; but also to highlight that, as she said, we need to make sure that when we get to COP27, we need to demonstrate that what we achieved at COP26 is starting to deliver.
I said in Glasgow that the pulse of 1.5 is weak. And I have to tell you my friends, it remains weak at the moment.
On the positive side, we were able to show in Glasgow that the multilateral system, cumbersome as it is, can work when we all understand that it is in our collective interest.
And so, what we need to ensure in the days, weeks and two months ahead until COP27 is that we achieve adaptation.
I want to end with what Akin said. He said, ‘you’re all doers in this room.
So, I have to say my friends, now we just have to do this.