COP27

COP27: discussions on carbon market rules are slow to start

COP27: discussions on carbon market rules are slow to start

By Jake Spring, Kate Abnett and Shadia Nasralla SHARM EL-SHEIKH, Egypt, November 14 (Reuters) – Countries are far from agreeing on the technical details of the global trade in carbon offset credits after a week of talks at the UN climate summit COP27 in Egypt, according to negotiators and observers, with delays threatening to blow …

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Tough questions for the World Trade Organization at COP27

Tough questions for the World Trade Organization at COP27

The World Trade Organization (WTO) has a message for COP27: free trade can help green the global economy. Unfortunately for the WTO, the quote that makes headlines is that “[w]We do not want a subsidy war. In an interview with Bloomberg at the United Nations Climate Change Conference, Ngozi Okonjo-Iweala, Director General of the WTO, …

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Cop27: Biden says leaders ‘can no longer plead ignorance’ on climate crisis

Joe Biden has implored countries to do more to address the climate emergency, telling the COP27 summit that world leaders “can no longer plead ignorance” and that time to confront the crisis is running out. Biden told a large crowd of delegates at the talks, held in Egypt, that “the science is devastatingly clear – …

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Here's what happened on the third day of the UN COP27 climate talks

Here’s what happened on the third day of the UN COP27 climate talks

Muhammad Shehbaz Sharif, Prime Minister of Pakistan, listens to speeches during the conference. He also took the stage today to explain the impact of the catastrophic floods in Pakistan this summer. Peter Dejong/AP hide caption toggle caption Peter Dejong/AP International climate negotiations continued today in the resort town of Sharm el-Sheikh, Egypt. Leaders from dozens …

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Where is the money?  COP27 climate summit opens with rallying call for rich countries to pay

Where is the money? COP27 climate summit opens with rallying call for rich countries to pay

The COP27 summit brings together delegates from nearly 200 countries in the Egyptian resort town of Sharm el-Sheikh to discuss how to tackle the climate crisis. Sean Gallup | Getty Images News | Getty Images SHARM EL-SHEIKH, Egypt — Senior officials have kicked off the work of the UN’s flagship climate conference by urging wealthy …

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Global economic slowdown, the Russian-Ukrainian war darkens the ambitions of the COP27

Global economic slowdown, the Russian-Ukrainian war darkens the ambitions of the COP27

World leaders and business leaders gathered in Glasgow last year declaring the annual UN Climate Change Conference COP 26 the “last and best chance” to avert climate catastrophe. More than 450 companies have pledged to mobilize billions of dollars in climate finance alongside the world’s largest economies, to accelerate the transition to net zero emissions. …

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