GovWire

Patrick, thank you very much.

Presidents, your excellencies, sisters and brothers, if I may: I want to thank everyone for all the inspiring words weve heard, and indeed the pragmatic suggestions, as thats what actually matters, Patrick, as youve said.

And I want to thank you, Patrick, you and your team at the Global Centre on Adaptation for putting this together, together with the African Union, with Akin and the African Development Bank.

This is a critical summit. I want to start by saying that, unlike Kristalina, I have no original jokes to offer. But Ive noted the joke you made, and Ill be using it - like a good politician, Ill be repeating it and claiming it as my own at future events!

Friends, we are ten months since COP26. And, as I think weve heard, that was an important milestone on adaptation and the work that we do around this.

We have the Glasgow/Sharm-El-Sheik Work Programme, which has got going on the global goal on Adaptation.

And in Glasgow we also had the event - that I was very pleased to be part of - on launching the African Adaptation Acceleration Program. And Akin, you talked about the 20 million of UK funding for the program.

This is all about making sure that we are driving policy and project support to those working to design and implement transformational adaptation interventions.

And so whether thats in agriculture or infrastructure, or innovative finance, as Ngozi said (and others have commented): at the end of the day, we have to see tackling climate change also as a growth opportunity. For jobs, for the economy.

And I think unless we encourage everyone to do that, we will not make the progress that we need to make.

Ban and other leaders have referenced the commitment that we got at COP of developed countries at least doubling their collective provision on adaptation finance for developing nations by 2025.

I can tell you that this wasnt an easy process, but we got there. And the reality now is that countries have to deliver.

You will all have seen the OECD figures that have come out for 2020 on the $100bn goal. We are moving in the right direction when it comes to adaptation, but the reality is we are going to have to quicken that pace.

Patrick, you said not to talk about all the things that have been going wrong in the world when it comes to climate, so let me just say this: the one thing I think every single one of us can say, just looking in our own countries, our continents, is that the chronic threat of climate change has got worse since COP26.

Things arent getting better.

I could give you all the examples of Africa, which Ive got here, but Im not going to because you know all of this.

I can tell you from a UK point of view, for the first time, we had wildfires this summer; we have droughts being declared; we have climate emergencies in terms of temperature levels being declared this summer.

Climate change does not recognise borders. And I think the sooner every world leader recognises that, the better.

Weve got sixty-two days to COP27. Patrick, you said we want to see what is actually going to happen.

One of the things that we did agree was that there would be a progress report on the $100bn delivery plan, that is being worked on by our friends in the Canadian and German governments.

We will publish that before COP27, so we will be able to see what progress is actually being made.

And of course, this is going to require all the providers - the MDBs and others - to set out clear, 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; that is really quite remarkable, so thank you so much for all your leadership on that.

We know that the annual adaptation costs are expected to reach at least $140bn a year by 2030, and frankly public finance is not going to be enough. We are going to need private finance. And so in a way I agree; I wish we did have more of the private finance providers around this table.

Youve all set out very clearly the challenges we have and how we rise to those. And I want to acknowledge, firstly, the enormous support and help that Ive got from Amina over the past years in this role; but also to make the point that, as she said, we need to make sure that when we get to COP27, we have to demonstrate that what we achieved at COP26 is starting to be delivered.

I said in Glasgow that the pulse of 1.5 is weak. And I have to say to you friends, it does remain weak right now.

On the positive side, we were able to show in Glasgow that the multilateral system, however unwieldy, can work when we all understand that its in our collective self interest.

And so what we do need to ensure in the coming days, weeks, and two months to COP27, is that were delivering on adaptation.

I want to end by what Akin said. He said: youre all doers in this room.

So I have to say friends, now we just need to get it done.

Thank you.