COP27: Will Egypt Bring New Life to Climate Conferences? Briefings de l'Ifri, October 21, 2022
The COP26, held at the end of 2021 in Glasgow, was emphatically heralded as “the last best hope for the world to get its act together”.
- Many elements are pointing to a particularly difficult COP27, among which the unfinished work of the Glasgow COP, the worsening of the climate crisis, the tensions in the hydrocarbon markets, and the risks of economic recession.
- This COP in Sharm-El-Sheik is nevertheless the first hosted outside the European continent since 2016 and the first under the aegis of a rapidly changing UN Climate Change.
- It takes place on the African continent and, like the COP28 chaired by the United Arab Emirates, is held in a country that wants to be a hub for all types of energies. Therefore, the role of gas in the energy transition has become a central topic.
- Finally, African countries are pushing for a greater contribution from rich countries to the fight against climate change, especially regarding the financial adaptation, and the acceleration of implementation efforts (rather than announcements of new initiatives)..
This briefing is available also in French: COP 27 : l'Égypte peut-elle donner un nouveau souffle aux conférences climat ?