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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