COP27 Takeaways: Evaluating Success in Climate Finance Transparency and Related Outcomes

Increasing transparency in the working definitions of international climate finance is critical to ensure the accuracy of climate finance accounting as well as trust between different stakeholders

World leaders, climate experts and activists gathered once more for the annual climate conference in Sharm el-Sheikh, Egypt to work towards achieving the world’s collective climate goals. The 27th Conference of the Parties (COP27) of the United Nations Convention on Climate Change (UNFCCC) came to a conclusion on Sunday, November 20, following two weeks of intense climate change discussions among country stakeholders from all over the world.

COP is structured to serve as the supreme decision-making body of the UNFCCC and is responsible for assessing measures taken by member Parties and non-Party stakeholders to achieve the objectives set forth on climate change. The event consisted of a wide variety of climate-related topics that included input from both the public and private sectors.