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About Commodity Insights
01 Nov 2022 | 18:10 UTC
With economic and energy supply pressures dominating political agendas, environmental policies have taken a back seat in 2022 in the run up to COP27 in Egypt. Few new climate commitments have been made despite calls for annual evaluation of national plans at COP26 in Glasgow. In the meantime global CO2 emissions are set to exceed pre-COVID levels by 2023 and the world's two biggest emitters, China and the US, are at loggerheads. Preventing nations from backsliding on prior commitments would be an achievement in itself for Egypt as it takes over the presidency of the talks.