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

JP Morgan AM cuts ties with climate change action group
ESG

JP Morgan AM cuts ties with climate change action group

Climate Action 100+

Eve Maddock-Jones
clock 15 February 2024 • 1 min read
Enter now for Investment Week's Sustainable Investment Awards 2024
ESG

Enter now for Investment Week's Sustainable Investment Awards 2024

Closing date of 6 April

Investment Week
clock 15 February 2024 • 3 min read
Liontrust hires sustainable investment analyst duo from Ninety One and abrdn
ESG

Liontrust hires sustainable investment analyst duo from Ninety One and abrdn

Connor Godsell and Linnea Bengtsson

Cristian Angeloni
clock 14 February 2024 • 1 min read
Trustpilot