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Comment: How companies can lead to make the energy transition work for people and planet

Reuters · Reuters · last updated

The COP27 Sharm el-Sheikh Implementation Plan was the result of intense multilateral negotiations, and further aligned world leaders in taking on the climate crisis. But government action alone will not be enough to avoid the most catastrophic socioeconomic and environmental effects of climate change, some of which we are already experiencing.

 

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Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

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