ISSUE BRIEF: Taking Stock of the UN Climate Talks: COP27 Expectations, COP26 Industry Partnerships and Investor Takeaways
Key takeaways:
- A new UN Report concludes the world is still moving in the wrong direction; CO2 emissions are rising, and global temperatures are projected to reach 2,8°C by the end of the century. The world is not on track to reach the Paris Agreement target of a 1,5°C temperature increase.
- This issue brief is a deep dive into the latest emission trends and climate targets by major econmies ahead of the climate conference COP27 in Sharm-El-Sheikh in Egypt.
- At COP27, loss and damage as well as climate finance will be the key topics negotiated. Major breakthroughs on reduction targets are not anticipated.
- Last year’s Glasgow Climate Summit at COP26 is analyzed with an eye to the industry partnerships.
- For private investors the broad scope of sectoral partnerships at COP26 from shipping to buildings to hydrogen show the scope of decarbonization opportunities.
- While 91% of global GDP are now covered by countries with net zero targets in place, corporate reduction targets in 2025 and 2030 are increasingly called for by asset managers and institutional investors.