If COP26 was about commitments, then COP27 will need to focus on implementation.
CRU expects that the negotiations will be fraught. Governments will be under pressure to make even more ambitious commitments at COP27. However, faced with high inflation rates, major fiscal pressures, global conflict and the energy crisis, significant breakthroughs will be hard to achieve, especially in terms of binding – and potentially costly – emission reduction goals.
The cost of this inaction now will disproportionately fall on hard-to-abate sectors with high emissions in the future.
The webinar will answer the following questions:
• What are the likely key priorities and difficulties at COP27?
• What has changed since COP26?
• What are the implications of COP27 for commodity markets and hard-to-decarbonise sectors?
