COP27: Pragmatism, determination and accountability the markers of success

$9.2trn needed for transition

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...