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COP27 points to mixed progress on climate issues

Friday, November 25, 2022

Significance

Issues of funding and accessibility were nevertheless left unresolved and efforts to phase out fossil fuels stalled. The latter issue looks set to become a major bone of contention in the lead-up to next year’s COP28 in Dubai.

Impacts

  • The failure to build on COP26's mitigation pledges probably pushes the goal of limiting global warming to 1.5 degrees beyond reach.
  • The United Arab Emirates will face increased pressure to deliver progress at COP28.
  • Whether sufficient climate finance will be raised for adaptation and mitigation in developing countries beyond 2025 is still unclear.

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