COP27

COP27: Broken USD 100 Billion Promise of Climate Finance but New Hope For Loss and Damage

At a time when the world should be moving rapidly towards climate change solutions, action is slow. And as promising as the new climate finance proposal agreed upon at COP27 might look, it alone won't be enough to adequately protect the most vulnerable.

Global EV Sales 2022: Stunning Boom and a Bright Future

While Southeast Asian countries are lagging behind EV leaders, through the right policy measures, incentives they can decarbonise their public and private transportation fleets.

COP27 Egypt and the Outlook For Natural Gas in Asia

COP27 has shown that while gas won't be going away soon, its faith is already determined. And Asian countries should be aware of that.

Climate Finance at COP27: All Talk and Lack of Action

Climate finance for loss and damage, adaptation and mitigation is a central discussion at COP27. Developing nations continue to call for more financing, and developed nations are yet to make substantial pledges. However, some proposals, like the Bridgetown Agenda, appear to be gaining support.

Climate Change Hypocrisy at COP27

Climate Action Tracker analysis shows that 70% of gas projects – under construction, approved or proposed – are in North America. The US is also falling $32bn short of its ‘fair share’ of the $100bn target, says Carbon Brief. Still, expect Biden to major on his $370bn IRA climate deal. The big question ahead of his bilateral with Xi Jinping on 14 Nov is will the US-China climate talks escape the deep-freeze?

COP27 Finance Day: It Disappoints as Pledges Hard to Come By

Pledges at Finance Day of COP27 remained thin on the ground with a lack of collective spirit between countries. Also underwhelming was the joint update on the Paris alignment by MDBs, which lacked any mention of fossil fuel phase-out.

COP27: Should You Worry about Climate Change Adaptation?

Pakistan’s floods have taken a truly devastating toll – around 1,700 people have lost their lives, more than 33 million have been displaced and economic damage is estimated at $40 billion. The most vulnerable countries are on the frontline of climate change, with weak existing infrastructure and poverty compounding the impacts of extreme weather. The world has a great range of potential solutions in its adaptation toolbox. Early warning systems, nature-based solutions and future-proofed infrastructure can be combined to create a more resilient world. The missing element is the political will to raise the sums needed to help developing countries tackle this. 

COP27: K-Pop Fans Call on Global Leaders to Take Bolder Climate Action

In line with COP27’s youth day, fan-driven climate platform KPOP4PLANET has revealed new data showing that K-pop fans worldwide had reduced up to 28,000 tons of CO2 from the Earth by planting 113,824 trees over the past ten years.

COP27: What are Global Leaders Saying at the UN Climate Summit 2022?

UN Secretary-General Guterres calls out on the fossil fuel sector in at COP27 Finance Day, saying that "using bogus net-zero pledges to cover up massive fossil fuel expansion is reprehensible."

COP27: Leaders Call For Rapid Climate Finance

In a year when $100bn has been mobilised to help Ukraine defend itself from Russia’s attack, the lack of climate and development finance will seem galling to many in the developing world. UN Secretary General Guterres is calling for a "climate solidarity pact" and urging G20 leaders to agree to debt-swaps or similar mechanisms for middle-income countries battling the high costs of climate impacts.

COP27: Loss and Damage On COP Agenda For First Time

While loss and damage has made it to the agenda for COP27, it is still just an agenda item and not a deal. Further challenges lie ahead.

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