The United Nations annual climate change conference—officially known as the 27th Conference of the Parties to the UN Framework Convention on Climate Change (“UNFCCC”), or COP27 for short—held in Sharm el Sheik, Egypt, finally concluded early Sunday morning. COP27 was held amidst the ongoing Russian war in Ukraine and its consequent economic turmoil, as well as increasingly tumultuous global weather events over the past year. Against this challenging backdrop, COP27 was never going to be straightforward. But difficulties were compounded by divisions between the developing and developed worlds over the priorities that should form the focus of the Summit, most clearly manifested in tensions over the issue of “loss and damage.” Although COP27 will be viewed as historic for its creation of a fund to compensate countries most impacted by climate change, there were also lost opportunities to adopt more ambitious and accelerated climate mitigation commitments that will be needed given the dire scientific warnings about the rapid impact of climate change on the planet.
Continue Reading COP27: A Flawed Though StillConsequential Climate Summit

COP27 was never going to be a ‘Big COP’ in the way that COP26 in Glasgow was.  It was not originally designed to be one of the five-year ratchet reviews of NDCs set out by the 2015 the Paris Agreement and there were no major new climate change texts due to be negotiated.  Sharm’s value is likely to be assessed, at least in part, on whether it effectively tees up important items for next year, including:

  • the Global Stocktake (the technical dialogue will conclude in June next year, and the political phase at COP28);
  • the Global Goal on Adaptation, due to conclude next year;
  • the New Collective Quantified Goal on climate finance, due to conclude in 2024; and
  • the increasingly important future discussions on loss and damage. 

However, COP27 remains an important waypoint – not least in how successful it eventually is in avoiding acrimonious debate and significant tensions over loss and damage.

Continue Reading COP 27: Week One Summary

Yesterday, November 8th, was the second day of the ‘High Level Segment for Heads of State and Government’ with a focus on their speeches and declarations. The real business of COP will begin in earnest today when most of the senior politicians have departed.

Financing for Climate Loss and Damage in Vulnerable Countries

Climate loss and damage is quickly emerging as the key point of contention at this COP and foreshadows a more tense meeting than last year’s in Glasgow. This issue has been moving up the agenda and recent extreme climate events have increased the perceived urgency around this topic, particularly for vulnerable countries.

Continue Reading Highlights from COP 27: Financing Takes Center Stage