COP27: mixed reactions around the world

The COP27 in Sharm el-Sheikh, Egypt, ended on Sunday with mixed results and a lot of reactions.

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The COP27 in Sharm el-Sheikh, Egypt, ended on Sunday with mixed results and reactions have been pouring in to welcome progress in helping poor countries affected by climate change, but also to regret a lack of ambition in reducing emissions.

UN Secretary General Antonio Guterres: “We need to drastically reduce emissions now – and that’s a question that this COP has not answered”.

“This COP has taken an important step towards justice. I welcome the decision to establish a loss and damage fund and to make it operational in the near future. This will clearly not be enough but it is a much needed political signal to rebuild broken trust.

Frans Timmermans, Vice President of the European Commission: “The world will not thank us when it hears only an apology tomorrow”.

“What we have here is a step forward that is too short for the people of the world. It doesn’t provide enough additional effort from major emitters to increase and accelerate their emissions reductions.”

Annalena Baerbock, German Green Foreign Minister: “Hope and frustration” are mixed.

“We have made a breakthrough on climate justice – with a broad coalition of states after years of stagnation,” but “the world is losing precious time on the 1.5 degree trajectory.”

Agnès Pannier-Runacher, French Minister for Energy Transition: “No progress was made on the need to make additional efforts to reduce greenhouse gases and to move away from fossil fuels. This is a real disappointment”, but this summit “responds to the expectations of the most vulnerable countries with a strong advance: the creation of new financing tools for loss and damage related to climate disasters”.

Shehbaz Sharif, Prime Minister of Pakistan hit by catastrophic floods this summer (more than 1,700 deaths): The adoption of a dedicated fund to finance climate damage is “a decisive first step towards the goal of climate justice”.

“It is up to the transition committee to build on this historic development.

Pakistan’s Climate Change Minister Sherry Rehman, current chair of the powerful G77+China negotiating group, had earlier called the fund “not a matter of charity” but “a down payment on the longer-term investment in our common future and an investment in climate justice.

Antigua and Barbuda’s Minister of the Environment, Molwyn Joseph, on behalf of the Alliance of Small Island States (Aosis): “Aosis promised the world that it would not leave Sharm el-Sheikh without succeeding
to establish a loss and damage response fund. This 30-year mission is now complete.

Laurence Tubiana, architect of the 2015 Paris Agreement: “This COP has caused deep frustrations but it was not in vain. It has provided a significant breakthrough for the most vulnerable countries. The loss and damage fund, which was only a dream at COP26 last year, is on track to start operating in 2023″.

“The influence of the fossil fuel sector was pervasive. This COP weakened the obligations for countries to present new and more ambitious commitments.

Vanessa Nakate, youth activist from Uganda: “COP27 was supposed to be the ‘African COP’ but the needs of Africans have been obstructed all along. Losses and damages in vulnerable countries can no longer be ignored but some countries here in Egypt had decided to ignore our suffering. The youth have not been able to make their voices heard because of restrictions on demonstrations but our movement is growing.

The NGO Christian Aid: “It has been a long struggle for developed countries to get this fund, the devil will be in the details and money still needs to be put into it. But this is a positive step forward towards climate justice.

“It is disappointing that despite all the rhetoric from leaders at the beginning of this summit about the seriousness of the climate emergency, countries have not even agreed on a phase-out of all fossil fuels.”

The German government may miss the January 2026 deadline to transpose the RED III directive, creating uncertainty over biofuel mandates and disrupting markets.
Italy allocated 82% of the proposed solar and wind capacities in the Fer-X auction, totalling 8.6GW, with competitive purchase prices and a strong concentration of projects in the southern part of the country.
Amid rising public spending, the French government has tasked two experts with reassessing the support scheme for renewable electricity and storage, with proposals expected within three months.
National operator PSE partners with armed forces to protect transformer stations as critical infrastructure faces sabotage linked to foreign interference.
The Norwegian government establishes a commission to anticipate the decline of hydrocarbons and assess economic options for the country in the coming decades.
Kazakhstan plans to allocate 3 GW of wind and solar projects by the end of 2026 through public tenders, with a first 1 GW tranche in 2025, amid efforts to modernise its power system.
Hurricanes Beryl, Helene and Milton accounted for 80% of electricity outages recorded in 2024, marking a ten-year high according to federal data.
The French Energy Regulatory Commission introduces a temporary prudential control on gas and electricity suppliers through a “guichet à blanc” opening in December, pending the transposition of European rules.
The Carney–Smith agreement launches a new pipeline to Asia, removes oil and gas emission caps, and initiates reform of the Pacific north coast tanker ban.
The gradual exit from CfD contracts is turning stable assets into infrastructures exposed to higher volatility, challenging expected returns and traditional financing models for the renewable sector.
The Canadian government introduces major legislative changes to the Energy Efficiency Act to support its national strategy and adapt to the realities of digital commerce.
Quebec becomes the only Canadian province where a carbon price still applies directly to fuels, as Ottawa eliminated the public-facing carbon tax in April 2025.
New Delhi launches a 72.8 bn INR incentive plan to build a 6,000-tonne domestic capacity for permanent magnets, amid rising Chinese export restrictions on critical components.
The rise of CfDs, PPAs and capacity mechanisms signals a structural shift: markets alone no longer cover 10–30-year financing needs, while spot prices have surged 400% in Europe since 2019.
Germany plans to finalise the €5.8bn ($6.34bn) purchase of a 25.1% stake in TenneT Germany to strengthen its control over critical national power grid infrastructure.
The Ghanaian government is implementing a reform of its energy system focused on increasing the use of local natural gas, aiming to reduce electricity production costs and limit the sector's financial imbalance.
On the 50th anniversary of its independence, Suriname announced a national roadmap including major public investment to develop its offshore oil reserves.
In its latest review, the International Energy Agency warns of structural blockages in South Korea’s electricity market, calling for urgent reforms to close the gap on renewables and reduce dependence on imported fossil fuels.
China's power generation capacity recorded strong growth in October, driven by continued expansion of solar and wind, according to official data from the National Energy Administration.
The 2026–2031 offshore programme proposes opening over one billion acres to oil exploration, triggering a regulatory clash between Washington, coastal states and legal advocacy groups.

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