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COP27: Inconsistent progress on fossil fuels shows need for flexibility

Reports published at COP27 suggest slow but steady progress by banks on interim sector targets for net zero. But political reality, particularly in the US, requires a delicate approach.

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  • Sponsored by Commercial International Bank (CIB)
    Sustainable finance is growing across the Africa and the Middle East region, home to countries most vulnerable to climate change and dependent on fossil fuels. In an interview, Dr. Dalia Abdelkader, chief sustainability officer at Commercial International Bank (CIB), gives her view on the progress being made across the region, and the role of the CSO in helping to drive this.
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Africa / Most Read

Africa / Most Read

A groundbreaking repo facility for African sovereign Eurobonds was completed in time for a debut trade as COP27 took place. The road to closing the deal was far from simple.
International financial institutions have an important role supporting the sustainable transition of African countries in parallel with their economic growth and development. To achieve this, their work in facilitating the flow of sustainable finance across the continent is critical, writes Claire Landon.