At COP27, public- and private-sector leaders united to seek solutions to combat the devastating effects of climate change, requiring governments, corporations, finance, and civil society to mobilise and act now. Click here for various resources and reflections on the outcome of COP27.
BCG at COP 27
Climate action is an ongoing process, not an event, and it requires extraordinary collaboration. COP27 served as a critical opportunity for business and government leaders to double down on their climate goals, forge new collaborations, and achieve innovative solutions—together. BCG’s climate experts joined leaders around the world in Sharm El-Sheikh to seek innovative solutions to the problems caused by climate change.
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UNEP: COP27 ends with announcement of historic loss and damage fund
In negotiations that went down to the wire over the weekend, countries reached a historic decision to establish and operationalize a loss and damage fund, particularly for nations most vulnerable to the climate crisis. While many details remain to be negotiated, the fund is expected to see developing countries particularly vulnerable to the adverse effects of the climate crisis supported for losses arising from droughts, floods, rising seas and other disasters that are attributed to climate change.
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REUTERS: After ‘disappointing’ COP27, calls grow for new approach to fighting climate change
Many are calling for fundamental reform of the COP process, something that could well be on the agenda at COP28 next year in Dubai, when the first-ever Global Stocktake of progress on climate action since the Paris Agreement was signed in 2015 will be published.
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