Cop27 will be held in early November
Global headwinds for Cop27 climate talks
High inflation and interest rates will hamper project development, but progress is still being made in key areas, says Energy Transitions Commission
The economic and political situation ahead of November’s Cop27 climate talks is highly challenging, with geopolitical tensions and rising inflation threatening to hamper progress, according to a report from thinktank the Energy Transitions Commission (ETC). There has been very limited progress towards stronger country commitments in the form of either Nationally Determined Contributions (NDCs) or mid-century net-zero targets since Cop 26, with the exception of a stronger commitment from Australia. The Intergovernmental Panel on Climate Change’s assessment of climate models, published in 2021, suggests that, if the world is to have a 50/50 chance of limiting warming to 1.5°C, total emissions
Also in this section
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
