Beyond the headlines from the annual U.N. climate conference, progress in advancing the global climate agenda relies on the behind-the-scenes efforts of technocrats over years. Here are some of the steps forward at this year's COP27 summit
THE SHAPE OF CARBON MARKETS
Negotiators also finalised most of the guidelines for how carbon credits under an old offset trading system could be brought in line with the new rules, she said. At last year's COP26 U.N. summit, countries agreed to double the amount of adaptation financing by $40 billion by 2025. While the world is"'Too little, too late' is what developing countries are arguing," as climate change is already exacerbating flood events, drought and sea level rise, Maarten Van Aalst, director of the Red Cross Red Crescent Climate Center, said.
Adopted in 2017, the Koronivia Joint Work on Agriculture has held workshops to address climate-related agricultural issues including best practices in livestock, soil management, and water use. The work also deals with food security and the economic impacts of global warming.
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