The 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC) in Sharm el-Sheikh, Egypt, was marked by multiple crises and the shaken confidence of developing countries in the multilateral process....
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ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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The 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC) in Sharm el-Sheikh, Egypt, was marked by multiple crises and the shaken confidence of developing countries in the multilateral process. Nonetheless, an agreement was reached on the critical issue of loss and damage, even though many key aspects still need to be fleshed out. With regard to emission reductions, there is a credibility crisis that threatens to worsen, not only because political priorities have shifted following Russia's attack on Ukraine. In order to strengthen international climate cooperation in the coming years, it will be crucial to honour existing commitments, adhere to agreed processes, and show diplomatic tact in dealing with partner countries.