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ARTICLE · 11 NOVEMBER 2022

COP 27: Top News For The Second Day Of Events

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Talks during the second day of the 2022 United Nations Climate Change Conference (COP 27) focused on climate finance. Here's what business leaders need to know to keep up-to-date on event proceedings...

GlobalEnvironment
Kenneth J. Markowitz
Kenneth J. Markowitz
Christopher Treanor
Christopher Treanor
Kerry Mackenzie
Kerry Mackenzie
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Talks during the second day of the 2022 United Nations Climate Change Conference (COP 27) focused on climate finance. Here's what business leaders need to know to keep up-to-date on event proceedings:

  • U.S. Climate envoy John Kerry stated that on Wednesday, he will propose a new billion-dollar carbon credit program that will allow developed countries to help developing countries cut back on fossil fuel emissions. The announcement came soon after the president of the European Commission, Ursula von der Leyen, called upon developed countries to contribute to green financing for developing countries.
    • A German senior official expressed skepticism regarding the proposal, worrying that it would duplicate European efforts regarding carbon credit markets.

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