Reflections from COP27: Have we seen enough progress?

Four glaring gaps

clock • 4 min read

While there were some steps in the right direction to support the most vulnerable countries in dealing with climate impacts, COP27 did little to raise ambition on carbon targets and keep the 1.5°C goal alive.

Implementation was meant to be the theme of this year's event, but have we seen enough progress? Let us look at the four interconnected gaps that should have been addressed. Climate justice gap One could argue that this is where the most progress was made. The creation of a loss and damage fund was hailed as a 'breakthrough' in the final Sharm El Sheikh implementation plan, yet pledges are still small and dependent on further approvals within developed nations. Let us remember that the $100bn climate finance pledge to support developing countries has still not been delivered. ...

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

Orchard Street adopts 'Sustainability Impact' SDR label for social and environmental fund
ESG

Orchard Street adopts 'Sustainability Impact' SDR label for social and environmental fund

Launched in 2022

Cristian Angeloni
clock 13 December 2024 • 1 min read
abrdn to adopt 'Sustainability Focus' label for two equity funds
ESG

abrdn to adopt 'Sustainability Focus' label for two equity funds

From February 2025

Cristian Angeloni
clock 12 December 2024 • 2 min read
Morgan Lewis' William Yonge: SDR and consumers' desire to 'do good' with their money
ESG

Morgan Lewis' William Yonge: SDR and consumers' desire to 'do good' with their money

Investors could become 'lost' in 'jargon'

William Yonge
clock 02 December 2024 • 4 min read
Trustpilot