COP27 is a unique opportunity for emerging markets to shape global climate action we must seize it
Summary
The document positions COP27 as the first 'COP of implementation', emphasizing the need to include emerging economies and under-represented regions in shaping climate action. It highlights the necessity of public-private partnerships to meet nationally determined contributions (NDCs) and fill funding gaps for mitigation and adaptation in the Global South. Specific regional priorities for the Middle East and North Africa (MENA) include food and water security and a just energy transition, while examples of existing partnerships include the First Movers Coalition and the Global Plastic Action Partnership.
Key insights
- COP27 is characterized as the first 'COP of implementation', with a significant global focus on securing climate finance to address funding gaps for adaptation and mitigation projects in the Global South.
- The document asserts that climate actions will fail unless emerging economies and diverse societal levels are involved in shaping the agenda and receiving its benefits.
- Private sector involvement is deemed essential for countries to achieve their nationally determined contributions (NDCs) regarding emission reductions and climate adaptation.
- In the Middle East and North Africa (MENA) region, which is warming at twice the global average, climate priorities focus on food and water security, a just and inclusive energy transition, and green innovation for the built environment.
- The document cites specific public-private partnerships as models for action, including the First Movers Coalition for hard-to-abate sectors, the Alliance of CEO Climate Leaders India, and the Global Plastic Action Partnership (GPAP) working in Ghana, Nigeria, and South Africa.
Cite the original document
- APA
- Forum, M. D. W. E. (2022). COP27 is a unique opportunity for emerging markets to shape global climate action we must seize it. World Economic Forum. https://www.weforum.org/stories/climate-action/cop27-emerging-markets-to-shape-climate-agenda/
- Chicago
- Forum, Mirek Dušek, World Economic. COP27 is a unique opportunity for emerging markets to shape global climate action we must seize it. World Economic Forum, 2022. https://www.weforum.org/stories/climate-action/cop27-emerging-markets-to-shape-climate-agenda/.
- Wikipedia
- {{cite press release |last1=Forum |first1=Mirek Dušek, World Economic |title=COP27 is a unique opportunity for emerging markets to shape global climate action we must seize it |publisher=World Economic Forum |date=22 September 2022 |url=https://www.weforum.org/stories/climate-action/cop27-emerging-markets-to-shape-climate-agenda/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{forum2022cop27, author = {Forum, Mirek Dušek, World Economic}, title = {{COP27 is a unique opportunity for emerging markets to shape global climate action we must seize it}}, publisher = {World Economic Forum}, year = {2022}, month = sep, url = {https://www.weforum.org/stories/climate-action/cop27-emerging-markets-to-shape-climate-agenda/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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