COP27: Pragmatism, determination and accountability the markers of success

$9.2trn needed for transition

clock • 4 min read

As the annual UN Climate Change Conference (COP27) wraps up in Sharm El Sheikh this week, the markers of success will be the degree to which commitments can be converted into action.

Moving the dial requires political will, ambitious policymakers, workable implementation strategies and collaborative financing mechanisms. The global energy crisis has increased the complexity of the challenge in addressing climate change. Although I would not anticipate any back-pedalling on longer-term commitments, such as phasing out coal, the current backdrop could potentially limit more emphatic country-level commitments on targets over the short term. A framework for developing countries A key focus of this year's COP was on establishing a framework for compensating less d...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Green social sustainable bonds hit record issuance in 2023
ESG

Green social sustainable bonds hit record issuance in 2023

MainStreet partners reports

Cristian Angeloni
clock 12 February 2024 • 2 min read
Amundi and First Eagle launch sustainable value fund in the UK
ESG

Amundi and First Eagle launch sustainable value fund in the UK

GBP share classes

Cristian Angeloni
clock 09 February 2024 • 1 min read
FE fundinfo's head of ESG Breier: The hidden benefits of SDR
ESG

FE fundinfo's head of ESG Breier: The hidden benefits of SDR

Strengthening investors' trust

Matthias Breier
clock 07 February 2024 • 4 min read
Trustpilot