Overview of COP 27 Outcomes and the ESG Implications for Nigeria’s Climate Action Ambitions

Since 1992, the United Nations has gathered almost every country for global climate summits. The 27th Conference of the Parties (“COP”) to the United Nations Framework Convention on Climate Change (“UNFCCC”) was held from 6 to 20 November 2022 in Sharm El-Sheikh, Egypt.

The goal of the COP, which hosts more than 35,000 stakeholders in addition to more than 100 heads of state and government, is to address the existential threats posed by climate change to humanity, such as the worsening energy crisis, rising greenhouse gas concentrations, and more frequent extreme weather events.

This newsletter provides an overview of COP in the context of the climate crisis and analyses the implications of the resolutions at COP 27 on Nigeria’s Climate Action Ambitions.

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