COP 27: Top news for the ninth day of the event | Akin Gump Strauss Hauer & Feld LLP

[co-author: Kerry Mackenzie]

Day 9 of COP 27 talks focused on youth, biodiversity, coastal zones and transport. Here’s what leaders need to know to stay current on climate policy:

  • Green groups are disappointed with the deadlock on action at COP27, citing pledges by Group of 20 (G20) leaders to demonstrate that climate action can continue despite the global conflict.
  • Russian diplomats are being sidelined at both the COP 27 and G20 talks following a recent mishap with Poland. Leaders from most countries have refused to speak to or be photographed with the Russian envoy, and many have made speeches denouncing Russia’s aggression against Ukraine and the global increase in fossil fuel consumption linked to the condemned conflict.
  • Japan announced that more than 60 countries, including the United States, have joined its Article 6 Implementation Partnership, which aims to educate signatories on carbon market best practices and technologies.
    • Thanking Japan for the initiative, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Simon Stiell, said: “Effective and rapid implementation of Article 6 around the world can transform our efforts on climate change.”
  • The European Union (EU) and Egypt have agreed to jointly develop and produce renewable hydrogen. The EU will support Egypt in developing the necessary technology, infrastructure and skills needed to produce the energy, most of which it intends to import.
    • Egyptian Minister of Petroleum and Natural Resources Tarek El Molla said of the deal: “[it] underlines the importance of collaboration between different stakeholders to create synergies and bring expertise, resources and technologies to develop solutions to combat climate change.”
  • 17 countries have signed up to the 10-Point Biodiversity Funding Plan and pledged to increase funding for parks, protected areas, watershed management, reforestation, forest management, wildlife care, restoring ecosystems, fighting invasive species, ensuring sustainable supply chains and other actions preserve biodiversity.
    • Implementation of the plan will be discussed at the forthcoming 15th Conference of the Parties to the Convention on Biological Diversity, 7-15 December in Montreal.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *