While COP26 revolved around what needs to be done to secure net zero globally by 2050, COP27 focused on how to move from pledges to implementation. Mobilising finance is critical to delivering urgent action and is one of the key aims of Egypt’s COP27 presidency. This year’s climate summit intended to amplify the voices of developing countries and raise the topics of sovereign debt for nature and climate investment, reducing the cost of green borrowing, scaling up finance for both adaptation and resilience, loss and damage, and ensuring a just transition.
In this podcast, Alex Michie, head of the central secretariat for the Glasgow Financial Alliance for Net Zero, speaks to Emma McGarthy, head of OMFIF’s Sustainable Policy Institute, on the key outcomes of COP27 and the state of climate finance. They discuss how to move from commitments to tangible action, GFANZ’s framework for transition planning and driving co-operation and convergence in the path to COP28.