Debrief on the 27th Conference of the Parties (COP27)

Global Risk Institute

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About this Report

The 27th Conference of the Parties (COP 27) kicked off on November 6th, 2022 in Sharm el-Sheikh, Egypt. The Summit officially closed on November 18th, while final negotiations extended until November 20th. The UN’s annual climate conference, the COP Summit is widely recognized as the biggest and most important annual event for the global governance of climate change.

Last year’s COP26 Summit in Glasgow focused on ambitious/bold new and updated pledges for emissions reduction, encapsulated in the Glasgow Climate Pact. The discussions this year pressed forward with planning for implementation, identifying areas of stagnation, creating catalysts for change, mobilizing capital for developing economies, increasing efforts to ensure an orderly and just transition, and increasing international, national and regional coordination. The outcomes from COP27 will pave the way for the first Global Stocktake at COP28 in 2023, which will assess the global collective progress on mitigation, adaptation, and the means for implementation set forth in the 2015 Paris Agreement.