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ESG Watch: Despite setbacks, green finance ends 2022 in good ... - Reuters

Reuters · Reuters · last updated

If 2021 ended on an optimistic note following the relative success of the COP26 climate conference in Glasgow, that optimism was dashed pretty early in 2022, when Vladimir Putin invaded Ukraine. The war precipitated a global energy crisis and called into question the value of environmental, social and governance issues in the face of naked aggression and geopolitical upheaval.

 

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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