Day 14: UN releases COP27 ‘non paper’
The UN has published the first draft of the long-anticipated ‘cover decision’ text, which will form the basis of the climate deal expected to come out of the COP27 climate summit, taking place in Sharm El-Sheikh, Egypt. While the draft is far from finalisation, a number of concerns over its ambition and direction have already been raised.
The text recalls the goals of COP26, made in Glasgow last year, “to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies”, yet fails to demand a reduction in all fossil fuels. Rather, the document "stresses the importance of exerting all efforts at all levels to achieve the Paris Agreement temperature goal of holding the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 °C above pre-industrial levels."
The draft does refer to “matters related to funding arrangements responding to loss and damage” but contains no detail on how and when this is to be organised or actioned.
There are still hours, if not days, left of negotiations, from which the draft text will likely be substantially reworked.
Stay tuned for updates!
#COP27 #TogetherForImplementation
Natasha Jacobs – ESG Consultant, Earth Active
