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COP27: Summit edges towards deal on Loss and Damage, but tensions remain

Business Green

If approved, the package would be widely regarded as a major breakthrough that could deliver significant new funding for the most climate vulnerable nations. And the suggested text invites parties to "consider further actions to reduce by 2030 non-carbon dioxide greenhouse gas emissions, including methane".

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COP27: 10 things businesses have learnt from the Sharm El Sheikh Summit

Business Green

It was, as ever a highly eventful fortnight, characterised by shifting politics, surging levels of green investment, and escalating fears the climate impacts could be approaching catastrophic 'tipping points'. Once an idea enters the vernacular at COP Summits the chance of it being eventually adopted increases dramatically.

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'Climate action is finally coming home on African soil': COP27 closes with historic deal on climate Loss and Damage

Business Green

It just shows that this UN process can achieve results, and that the world can recognise the plight of the vulnerable must not be treated as a political football.". This COP caused deep frustrations but it wasn't for nothing," she said. "It It achieved a significant breakthrough for the most vulnerable countries.

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Taking the positives from COP26

Business Green

From tackling deforestation to curbing methane emissions, the various multilateral commitments are focused on areas where they can have real impact. A precedent is being set with a new loss and damage framework taking shape and the first, albeit modest, funding packages being announced. But at the same time there has been progress.

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COP26 Climate Summit: What should business leaders expect?

Business Green

While there are important issues to be negotiated by political leaders and diplomats at COP26, panellists stressed the aim of the summit is not to hammer out a fresh global deal. Its stated aim is to collectively slash methane emissions across all sectors by 30 per cent between 2020 and 2030.

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