Representatives from the world's nations are in Sharm el-Sheikh, Egypt, to flesh out the rules of a new global climate pact. Here’s a look at some of the main stakeholders and negotiating blocs COP27
on record this year. In a national climate adaptation plan, it said extreme weather was an increasing threat.President Xi JinpingGeopolitics also overshadow climate issues. A diplomatic row over Taiwan led Beijing to cancel bilateral climate talks with the United States.
Few expect China to offer any fresh pledges at COP27, with officials saying the two-week summit should focus on securing climate finance for developing countries.The world’s second biggest emitter after China comes to COP27 after the approval of domestic legislation that should unlock trillions of dollars in investment in clean energy and transportation.
The bloc has enshrined in law targets to cut net emissions by at least 55% by 2030 from 1990 levels, and reduce them to zero by 2050, but is still negotiating policy to implement those goals. The EU has said it will not upgrade its climate target until new climate laws are approved - which will not be before next year.
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