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Significance
Hopes of a leap forward in implementing the 2015 Paris Agreement largely fell flat, despite a historic acknowledgement of the need to “transition away” from fossil fuels in order to limit global warming to 1.5-degrees Celsius above pre-industrial levels.
Impacts
Multilateral development bank reform will take centre-stage as countries continue to fight over climate finance flows.
Business engagement in the COP process will face scrutiny over lobbying activities and given changes in the reporting of attendees.
US and South African elections next year could disrupt international climate negotiations.
Keywords:
International,
INT,
Fossil fuels,
Renewable energy,
economy,
industry,
international relations,
politics,
social,
climate,
environment,
finance,
gas,
oil,
policy,
regulation,
renewable energy,
summit,
talks,
technology
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2023
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