By: Dominic Hlordzi
Strategic consensus have been reached by participants at COP27 in Egypt. Key decisions on energy have been taken.
Dominic Hlordzi takes a look at some of the energy related highlights in this report.At the Sharm el-Sheikh Climate Change Conference (COP 27), countries came together to take action towards achieving the world’s collective climate goals as agreed under the Paris Agreement and the Convention.
Parties to the COP27 have been entreated to speed up efforts towards the phasing-out of wasteful fossil fuel subsidies and the phase-down of unabated coal power.
Energy Analyst Dr. Ussif Sulemana examines this portion of the COP27 Compact.Some nations attempted to discuss lowering the usage of oil and natural gas instead of only discussing subsidies.Additionally, the document asks for quickening “fair, just and sustainable transitions to renewable energy. What is your take on this Dr. Sulemana?It is the hope of many climate change enthusiasts that parties will be true to their words by taking actions that will lead to net-zero carbon emissions.
