ARTICLE · 29 NOVEMBER 2022
Market Intelligence Thought Leadership Award WinnerSharm El-Sheikh COP 27 – Final Round-up
Negotiations at COP 27 spilled over into the weekend and finished more than 36 hours later than expected. Whilst agreement was met on many key issues, there were multiple points that remained contentious.
GlobalEnergy and Natural Resources
Final days
Negotiations at COP 27 spilled over into the weekend and
finished more than 36 hours later than expected. Whilst agreement
was met on many key issues, there were multiple points that
remained contentious. These include:
- A resolution that peak emissions should occur in 2025 (and that
after that date, world emissions should start falling) was taken
out of the final decision.
- The COP 26 text called for a 'phase down' on coal. A
proposal by India aimed to extend this to a commitment to
'phase down' all fossil fuels. Ultimately, this could not
be agreed and the resolution on this point was the same as that at
COP 26.
- Proposed language aimed to boost 'renewable energy' was
instead agreed as an agreement to increase 'low-emissions
energy'. This has been criticised on the basis that this
undefined term could justify new fossil fuel projects for
'low-emission' fossil fuels such as gas, against guidance
from the UN Intergovernmental Panel on Climate
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