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Recap | COP27 Finance Day | Developments & Resources

Finance Day

The first topic under the spotlight in the COP27 thematic programme was the vital issue of Climate Finance - from funding and investment to market incentives and compensation for loss and damage.

What happened on Finance Day?

U.S. climate envoy Kerry launched carbon offset plan – the Energy Transition Accelerator (ETA) – to fund renewable energy projects and accelerate clean energy transitions in developing nations. Find out more here.

China said they are willing to contribute to a mechanism for compensating poorer countries for losses and damage as a result of climate change. Find out more here.

The high-level ministerial dialogue on the new collective quantified goal on climate finance took place, with discussions on how to mobilise finance and accountability. Watch back here.

Livestreams from the Egyptian Ministry of Finance events, on topics such as reducing the cost of green borrowing and the role of central banks in sustainable finance, can be viewed back here.


Further resources/ reading on climate finance:

An introduction to climate finance (UNFCCC) IES: climate finance summary News: Growth in Climate tech funding Climate Champions Report: Assets to Flows BBC summary on climate finance
What is COP27? light shining over the earth a view from space for COP27 the road to net zero conference

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