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COP27 & G20 Summit - what news for the Climate?

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The two biggest climate announcements this week have come from the G20 summit in Bali, not COP27. The US and China agree to re-start climate discussions and the US is expected to announce a $15 billion package for Indonesia to cut its reliance on coal.

As for COP 27 - it has been marked by unresolved agreements. It should be aiming for: 1. keeping the 1.5°C target alive, 2. a robust Global Adaptation Goal, 3. catering for loss and damage funding (see article) and 4. the transformation of the world financial system. Watch this space...

https://www.reuters.com/business/cop/biden-xi-climate-cooperation-energize-cop27-negotiations-2022-11-14/

https://interactive.carbonbrief.org/q-a-should-developed-nations-pay-for-loss-and-damage-from-climate-change/?



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