6 Key Tasks at COP27

WRI identifies six critical objectives for COP27: establishing a loss and damage financing mechanism, scaling adaptation support, strengthening national emissions targets (NDCs), ensuring the $100 billion climate finance goal is met, advancing the Global Stocktake, and converting previous Glasgow commitments into tangible actions.

• There is a critical need to establish a formal financing mechanism for loss and damage, as developing countries argue that existing finance is "grossly inadequate" and that these needs are "distinct and additional to finance for adaptation, humanitarian assistance or development assistance."
• Adaptation finance must be scaled up to meet the COP26 goal of doubling 2019 levels by 2025, which is approximately $40 billion. Current data from the OECD shows adaptation finance rose from $20.3 billion in 2019 to $28.6 billion in 2020.
• Countries are urged to strengthen their 2030 emissions-reduction targets (NDCs) to align with the 1.5 degrees C goal. While countries like India, Australia, Indonesia, and Egypt have submitted more ambitious plans, there are concerns that the energy crisis caused by Russia's invasion of Ukraine may lead to backsliding, with European governments estimated to spend over $48 billion this winter on "new or expanded fossil fuel infrastructure and supplies."
• Developed countries have consistently failed to meet the 2009 commitment to mobilize $100 billion per year for developing nations; an OECD assessment found only $83.3 billion was mobilized in 2020.
• The first Global Stocktake, which began at COP26 and concludes at COP28, must move beyond being an "information-sharing exercise" to produce a "political package that will drive forward action" by 2023.
• There is a pressing need to convert Glasgow climate pledges—including those regarding methane emissions, forest loss, and coal phase-out—into concrete action and visible progress to ensure accountability.

APA

World Resources Institute (2022). 6 Key Tasks at COP27. https://www.wri.org/insights/cop27-priorities

Chicago

World Resources Institute. 6 Key Tasks at COP27. 2022. https://www.wri.org/insights/cop27-priorities.

Wikipedia

{{cite report |author=World Resources Institute |title=6 Key Tasks at COP27 |date=4 October 2022 |url=https://www.wri.org/insights/cop27-priorities |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2022key, author = {{World Resources Institute}}, title = {{6 Key Tasks at COP27}}, institution = {World Resources Institute}, year = {2022}, month = oct, url = {https://www.wri.org/insights/cop27-priorities}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }