Fitch Solutions says COP26 commitments did not deliver as expected

A year on from the COP26 conference not much has progressed on the climate change-related infrastructure front, mostly owing to the implications of the Ukraine war, a tightening global monetary policy environment and competing domestic priorities across the world.

Research agency Fitch Solutions Country Risk & Industry Research says the next United Nations climate change conference, COP27, which is being held from November 6 to 18 in Egypt, will highlight the competing global priorities between maintaining fossil fuel-related infrastructure in the near term, explore nascent low-emission areas of infrastructure and seek to close outright infrastructure gaps.