Global economic slowdown, Russia-Ukraine war cloud ambitions for COP27

Global leaders and business executives gathered in Glasgow last year, declaring the annual UN Climate Change Conference COP 26 the “last and best chance” to avert a climate catastrophe. More than 450 corporations vowed to mobilize billions of dollars in climate financing alongside the world’s largest economies, to accelerate the transition to net-zero emissions.

One year on, climate ambitions at Egypt’s Sharm el-Sheikh are expected to be much more subdued as COP 27 kicks off its two-week-long event. This is primarily due to a prolonged war in Europe and fears about a global economic downturn testing the resolve of the

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