The BIC Reacts to the COP27 Final Agreement

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Position: RESEARCH TEAM
on Mon, 11/21/2022 - 15:18

The BIC notes that, with two days of delay, the final text of the COP27, the Sharm el-Sheikh Implementation Plan, was agreed by all Parties on the 20th of November 2022. Among significant outcomes, the agreement reaffirms commitments towards achieving the target +1.5°C set by the Paris Agreements in 2015. However, this key pillar of global climate action was worryingly put into question during the negotiations.

Scene Setter before Final Negotiations at the COP27

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Position: RESEARCH TEAM
on Thu, 11/17/2022 - 13:29

As forecasted, discussions at COP27 this year were mainly articulated around the issues of green financing and loss and damage in developing countries, topics that are underpinning the broader question of climate justice. After two weeks of tense and polarized negotiations, final deliberations are coming to an end, with probably no great achievements expected this year.

Press Release: the COP27 Kicks off in Egypt

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Position: RESEARCH TEAM
on Mon, 11/07/2022 - 15:18

The biggest climate event of the year began yesterday, 06 November, in Sharm el Sheikh, Egypt. This year, the agenda of the COP27 will primarily focus on the issue of policy implementation; including the thorny topics of green financing, mitigation, adaptation and loss and damages affecting developing countries. However, there are still difficult questions facing the international community in its efforts to combat climate change which will need to be addressed throughout the event.