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ARTICLE · 28 NOVEMBER 2022

Inside COP27: Latest Insights And News From Egypt

COP27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), is taking place in Sharm El-Sheikh, Egypt between 7-18 November, 2022...

EgyptFinance and Banking

COP27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), is taking place in Sharm El-Sheikh, Egypt between 7-18 November, 2022.

The talks occur at a time of unprecedented turmoil in the global economy, which has disrupted energy and food supply chains, and as extreme weather events take an increasingly heavy toll on nations, as well as on nature.

The COP27 climate summit in Egypt was expected to be unlike previous COPs - partly because climate finance discussions are broader in scope, and because the talks were aimed to focus heavily on fulfilling commitments, not just making new pledges. As it enters its final days, COP27 has prompted some important new initiatives designed to help nudge the global economy towards decarbonization.

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