Brownstein Hyatt Farber Schreck, LLP
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The 27th edition of the Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change will take place in Sharm el-Sheikh, Egypt, from November 6 to 18, 2022. The international climate gathering, which is the latest in a series that began in 1995, is best known for its multinational track record and negotiations on climate actions aimed at curbing climate change. These summits resulted in important environmental agreements, including the Kyoto Protocol and the Paris Agreement.
What is less discussed about COP forums is that they also provide an opportunity for private companies around the world to come together and discuss climate plans with government and industry stakeholders. To achieve the ambitious goals set by the leaders of the conference, the contribution of private organizations is not only requested, it is required. Participating in the COP can allow industry leaders to announce and promote innovative technologies and projects, learn about international policy changes in real time and offer their input to help decision makers in their work. .
This year, the COP will organize a series of private sector days, which will be complemented by side events organized by various NGOs, think tanks, industry groups and other organisations. Below, we’ll highlight a few of these gatherings and the opportunities they provide for companies in a variety of industries.
Private Sector Days – November 9-17
COP27 will host a series of themed days designed to engage members of the international business community and work with them to find solutions to climate change. The presidency of the conference, which this year is held by the Egyptian government, recognized the importance of engaging with all stakeholders in the implementation of the bold objectives of the Paris Agreement and any political decisions taken. in Sharm el-Sheikh. This year’s themes include finance, science, youth and future generations, decarbonization, adaptation and agriculture, gender, water, science and civil society, energy, biodiversity and solutions. Different ministries of the Egyptian government are responsible for planning events on their respective theme days; these departments also work with several private sector organizations on events and activities.
Below are summaries of some of the session details. Please click here for a full description of these and information on the rest of the sessions offered.
November 9, Finance Day – This day is designed to focus on financial incentives that drive climate change policy. The discussion will focus on the financial constraints of shifting to more environmentally sustainable business models and examine how policy makers can incentivize these changes.
November 11, Decarbonization Day – Aims to facilitate discussion on approaches and policies, as well as showcase technologies to help accelerate the energy transition to a low-carbon economy.
November 12, Adaptation and Agriculture Day –Discussions on the wide range of topics related to adaptation and resilience, especially in this time of heightened food insecurity and severe climate events.
November 14, Water Day – Participants will participate in discussions on issues related to the sustainable management of water resources. Topics will include water scarcity, drought, cross-border cooperation and improving early warning systems.
November 15, Energy Day – The participants of this day will mainly discuss the transition to green energy. Particular attention will be paid to the use of alternative energy sources, including green hydrogen, as well as the creation and maintenance of a greener electricity network.
November 17, Solutions Day – A higher-level day, these sessions will look at multi-pronged approaches to complex issues, including designing greener cities, more sustainable transport structures, environmentally conscious national budgets, and more. They will explore how solutions such as public-private partnerships and startup engagement have proven successful in the past and how to apply that success on a larger scale.
Several private organizations, media and think tanks are also planning to organize side events on the sidelines of the high-level days of the COP as well as during the thematic days. Brownstein works closely with many of these organizations to identify opportunities for customers to participate in panels and discussions as well as showcase their products in many of the nations pavilions.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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