https://www.wri.org/insights/cop27-priorities
Extracts..
1) Create a financing mechanism for addressing loss and damage.At a bare minimum, COP 27 should kickstart a process to formalize funding arrangements to respond to loss and damage under the UNFCCC.
2) Scale up support for adaptation. At COP27, developed countries must also specify how they will ensure this finance reaches those who need it most. This will mean committing more finance for locally led adaptation, ensuring local people and organizations who are often disproportionately vulnerable to climate impacts have a say in investment decisions and can access the funding and other resources they need to build resilience. The Glasgow-Sharm el-Sheikh work program (GlaSS) on the Global Goal on Adaptation could also establish common definitions of “local” and “locally led,” formally recognize the Principles for Locally Led Adaptation, and ensure local communities and organizations can participate in discussions around the global goal.
3) Strengthen national emissions-reduction targets. So far, only 23 countries have come forward with new or updated NDCs since COP26. These targets need to be backed by policies — and crucially, investment — to turn them into action.
4) Assure that the $100 billion climate finance promise will be met and move forward on new commitments.
5) Advance the Global Stocktake to set the pace for climate action. Global Stocktake, a process conducted every five years to assess collective progress toward the Agreement’s long-term goals. This year, new and innovative formats of the Global Stocktake — including a world café set of discussions — allowed for interesting conversations amongst countries, experts and non-state actors. ..it is essential that the outcome from the Global Stocktake is politically relevant and not just an information-sharing exercise coupled with vague, unactionable recommendations.
6) Convert the treasure trove of Glasgow climate commitments into action.At COP27, those who have previously announced ambitious pledges or joined initiatives should address progress to date and disclose any barriers. Governments, especially, must demonstrate where they have and have not made progress. High-Level Expert Group on Net-zero Emissions from non-state actors to identify strong, clear standards for the growing number of pledges to reach net-zero emissions. This group has been consulting with a wide range of stakeholders, including on how to define net-zero, governance of targets, alignment with shorter-term targets, and just transition plans, among other topics.