COP 27, or 27th Conference of the Parties to the United Nations Framework Convention on Climate Change, is being held in Sharm el-Sheikh, Egypt, from 6 to 18 November 2022. It brings together representatives from government, local authorities, business and civil society. The aim of this conference is to ensure that the commitments made in the Paris Agreement in 2015 to reduce greenhouse gas emissions are met, but also to improve funding for developing countries.
Despite the various commitments made since the Paris COP in 2015, and despite the various reports of the IPCC (Intergovernmental Panel on Climate Change), the projections of the UNEP report predict that the various policies taken will not allow global warming to be limited to 1.5°C. This is why the EU wishes to remind the other Member States of the importance of this objective.
A second commitment was made in the Paris agreement to mobilise $100 billion per year between 2020 and 2025 to help developing countries reduce their emissions and prepare for the effects of climate change. The targets will be met by 2023, and the EU and its Member States are also among the largest donors.
The EU has ambitious policies, notably since the adoption of the European Green Deal, or the European Climate Law. Many legislative proposals have also been made, notably in terms of renewable energy, energy efficiency and zero emission cars by 2035. The EU also presented its first legislative proposal to reduce methane emissions in the energy sector and the REPowerEU plan in response to the war in Ukraine.