The dust is settling after last November’s COP27, which overran by two days to reach the final agreement.
The Sharm El-Sheikh Implementation plan was a success for its breakthrough on loss and damage finance but a disappointment for not strengthening the language to cut emissions, particularly from fossil fuels. The real work on the ground starts now. Loss and damage financing Loss and damage financing is currently only a hollow commitment, and its funding is not clear, with the text referring to a "wide variety of sources" including "innovative sources". Deep Dive: UK ESG equity investors must remain 'adaptable' The committee to operationalise the new fund, established at COP27,...
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