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COP27 Sharm El-Sheikh

November 6-18, 2022

Sharm el-Sheikh, Egypt

Overview

Labeled the “implementation COP” for being the first conference held after the last of the Paris Agreement’s rulebook was agreed in Glasgow, the United Nations Framework Convention on Climate Change (UNFCCC) 27th Conference of the Parties (COP27) in Sharm el-Sheikh, Egypt, succeeded in some key aspects, despite significant geopolitical and economic challenges.

Despite ongoing interrelated energy, food, and financial crises, COP27 adopted—in a historic first—funding arrangements for L&D that includes a L&D fund. Parties also agreed on two key deliverables mandated for COP27: (i) a mitigation work programme (MWP) focused on pre-2030 ambition; and (ii) arrangements operationalizing the Santiago Network, a mechanism to match technical assistance for vulnerable countries addressing L&D.

Parties furthered ongoing work on clarifying the global goal on adaptation and the new collective quantified goal on finance, as well as preparing for the culmination of the global stocktake at COP28. But they also notably launched new work programs and dialogues on just transition, aligning finance flows with a pathway toward low greenhouse gas emissions and climate-resilient development, and technology.

At the same time, governments struggled over ambitious language on enhancing mitigation action and support in this decisive decade. Rather than significantly building on the Glasgow outcome, countries just about safeguarded it even as the world takes further steps toward breaching the 1.5 degrees C limit of the Paris Agreement.

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On the ground at COP27 in Sharm el-Sheikh, Egypt, C2ES continued its work on key negotiation issues and with businesses.

COP27 Resources

Issues

Mitigation Ambition, and Implementation

Key outcomes:

  • adoption of a mitigation work programme (2022–26) to scale up countries’ mitigation ambition and implementation before 2030
  • reiteration of Glasgow Climate Pact language recognizing that the impacts of climate change will be much lower at a temperature increase of 1.5 degrees compared with 2 degrees C above pre-industrial levels and resolving to pursue further efforts to limit the temperature increase to 1.5 degrees C
  • reaffirmation of COP26’s call to accelerate efforts toward the phasedown of unabated coal power and the
  • phase-out of inefficient fossil fuel subsidies.

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C2ES Resources on Mitigation

UNFCCC Resources:

Introduction to Mitigation

Loss and Damage

Key outcomes:

    • adoption of new funding arrangements for assisting developing countries that are particularly vulnerable to the adverse effects of climate change in responding to L&D, including establishing a fund operationalization of the Santiago Network, which will further the work of the Warsaw International Mechanism for L&D by providing a platform for countries and organizations to identify opportunities to match and mobilize technical assistance to address L&D.

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C2ES Resources on L&D

UNFCCC Resources

Adaptation

Key outcome:

  • agreement on a long-term, structured effort to help Parties achieve and to review progress toward the global goal on adaptation with an aim to drive collective action toward climate adaptation.

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C2ES Resources

UNFCCC Resources

Finance

Key outcomes:

  • the launch of the Sharm el-Sheikh dialogue on making finance flows consistent with a pathway toward low greenhouse gas emissions and climate-resilient development
  • an additional $240 million pledged to the Adaptation Fund for adaptation solutions in vulnerable communities.

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UNFCCC Resources:

Global Stocktake

Key outcomes:

  • completion of the global stocktake’s second Technical Dialogue agreement to further sessions in 2023 in preparation for the consideration of outputs of the global stocktake

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C2ES Resources on the GST

UNFCCC Resources

Carbon Markets under Article 6 of the Paris Agreement

Key outcomes:

  • interim reporting arrangements on internationally transferred mitigation outcomes under Article 6 for Parties to set up cooperative approaches
  • adoption of key Article 6 reporting and review outlines and formats, and operational guidance to prepare information needed for cooperative approaches
  • scheduling of the activities agreed under the work program on non-market approaches.

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Additional Outcomes

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Action Agenda

UNFCCC Resources:

C2ES Events at COP27

Recharged U.S. Climate & Energy Landscape: Galvanizing Business Solutions for Net-Zero

Co-organized by C2ES, BCSE, and EEI
Nov 11, 2022, 3-4 p.m. (Egypt) 8-9 a.m. (U.S.)
U.S. Center Pavilion, Blue Zone

Watch the livestream from the U.S. Center

Hear from U.S. business executives about how anticipated shifts in clean energy investment, workforce development, community engagement, daily operations, and deployment of clean technology solutions, will usher in a new era for the U.S. economy. Find out how the IRA is catalyzing greater private investment and how new partnerships across the public and private sectors can help deliver those outcomes.

Speakers

Master of Ceremonies: Nathaniel Keohane, President, C2ES • Lisa Jacobson, President, Business Council for Sustainable Energy • Brian Wolff, President, Edison Electric Institute • Pedro Pizarro, President and CEO, Edison International • Ralph Izzo, Executive Chairman, PSEG • Andres Gluski, President, AES • Kristen Siemen, Chief Sustainability Officer, General Motors • David Bow, Executive Vice President, Plug • Nanette Lockwood, Global Director of Policy and Advocacy, Trane Technologies • Benjamin Cardin, U.S. Senator (D-Md.)

 

Building A Resilient Future: The Power Sector and The Clean Energy Transition

Organized by EEI
Nov. 12, 2022, 10 a.m.–Noon, (Egypt), 3–5 a.m (US)
The Climate Registry Pavilion, Blue Zone

This event will highlight the role that Infrastructure Investment and Jobs Act and the Inflation Reduction Act will play in enhancing resilience efforts. Speakers will showcase how cross-sectoral collaboration identifies and accelerates the most critical adaptation strategies to address the climate crisis. The event will also demonstrate how science-based insights serve as a foundation for a standardized and consensus-based framework to inform infrastructure investment and deployment

Speakers

  • Lindsey Doyle
    Climate Engagement Lead, USAID
  • Nathaniel Keohane
    President, C2ES
  • Ralph Izzo
    Executive Chairman, PSEG
  • Pedro Pizarro
    President and CEO, Edison International
  • Arshad Mansoor
    President, EPRI

 

sharm-el-sheikh-panorama

How U.S. companies are implementing the transition to net zero: Experiences across sectors

Organized by C2ES
Nov. 12, 2022, 5-6 p.m. (Egypt) 10-11 a.m. (U.S.)
America Is All In (AIAI) Action Center, Blue Zone

This panel discussion will highlight how prominent multinational companies in different sectors, representing utilities, fuel developers, industrial end users, and technology companies, are accelerating the supply and demand of key breakthrough technologies and climate solutions—hydrogen, sustainable aviation fuel, renewable natural gas, 24/7 carbon free energy, and carbon removals—necessary to achieve the goals of the Paris Agreement.

  • Verena Radulovic
    Vice President for Business Engagement, C2ES
    Moderator
  • Amy Chiang
    Vice President, Global Government Relations, Honeywell
  • Roger Martella
    Vice President, Chief Sustainability Officer, General Electric
  • Guy van Nieuwenhove
    Senior Vice President, Director of Portfolio Management & Business Development, National Grid Ventures
  • Marsden Hanna
    Head of Sustainability and Climate Policy

Taking Stock of the Global Stocktake

Nov. 16, 2022, 11 a.m.-Noon (Egypt), 4–5 a.m. (U.S ET)
EU Pavilion, Blue Zone

Watch (click login)

The conclusion of the 2nd Technical Dialogue (TD) of the Global Stocktake (GST) will take us past the midway point of COP27 and the GST, which concludes at COP28. In Egypt, Parties and non-Party stakeholders will have just engaged in dialogue on how the international community can go from where it is now, to the achievement of the Paris Agreement goals. What have they learned halfway through the GST process? What can be influenced next year and what do we hope to see at the conclusion of COP28?

Speakers

  • Kaveh Guilanpour
    Vice President of International Strategies,C2ES
  • Lavanya Rajamani
    Professor of International Environmental Law, University of Oxford
  • Juliana Arciniegas
    Project Director, Transforma
  • Sebastian Oberthür
    Professor, Vrije Universiteit Brussel and University of Eastern Finland
  • Andrew Higham
    Director Plexus Strategy
  • Casey Cronin
    Director, Global Intelligence, ClimateWorks
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