Review of the COP27 in Sharm el Sheikh

Jeffrey Sachs (CEET) l., Franz Josef Radermacher (GES)

The climate conference ended with the promise of the industrialised countries to pay for damages and losses resulting from warming in particularly vulnerable developing countries. But the financing is not yet clear and the dimensions are clearly too low. Regarding the reduction of greenhouse gases, there was no progress compared to the previous COP in Glasgow. The outcome of COP27 is disappointing, to say the least. The dominant narrative in Egypt was that of renewable energies leading to a climate-neutral future, complemented by green hydrogen. In return, a rapid phase-out of fossil energies is demanded. Few side events showed a more realistic approach to the fact that more than 80 percent of the energy used worldwide today is of fossil origin and that the demand for energy will increase massively in the coming decades, not least due to the continuing growth of the world’s population. Estelle Herlyn describes her impressions of the COP27:

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