The fourth day of COP27 continues the theme of resilience with a spotlight on science and future generations.
600 fossil fuel lobbyists attended COP27 which caught the attention of protesters who called for ‘criminal fossil fuel representatives’ to be escorted from the event. Meanwhile, Nancy Pelosi, Speaker of the US House of Representatives, made the statement that ‘many Republicans believe climate change is a hoax’.
New Initiatives
Today, the Race to Resilience campaign has launched its new initiative ‘the Insurance Adaptation Acceleration Campaign’, which looks to mobilise 3,000 insurance companies over a 12-month period to best support them in covering assets that may be affected by natural disasters that come as a result of climate change. Additionally, the Sustainable Markets Initiative (SMI) has launched a workstream, ‘Global Risk and Resilience Fellowship’, which allows leading insurers to collaborate with city leaders.
UK BEIS and Swiss Government Collaborate
The Department for Business, Energy and Industrial Strategy (BEIS) in the UK has signed to collaborate with the Swiss Government to “drive deeper tangible cooperation in research fellowships, innovation and regulatory standards in new technology sectors”.
UK politicians have also been doing the rounds today. MP Chris Skidmore, who signed the UK’s Net Zero pledge into law, has attended six of today’s events.
Be sure to check in with our insights page to keep up to date with COP27 events.
-Further Reading-
COP26 and beyond: Playing our part in protecting our planet
COP26, the UN's annual climate change conference, is more highly anticipated than ever as the world focuses on building back better from the effects of the COVID-19 pandemic.
COP27 Day 1 & 2: World leaders take the stage
COP27 is well underway in Sharm El-Sheikh, Egypt, as speeches from António Guterres, the United Nations Secretary-General, among others opened the event.
COP27 Day 3: Finance day and building resilience
Exchequer Secretary James Cartlidge will set out how innovative new loan agreements will support the most vulnerable counties to the effects of climate change.
