On 16 November 2022, the focus at COP27 shifted to issues relating to biodiversity, paving the way for the UN Biodiversity Conference (COP15) which is due to take place between 7 and 19 December 2022 in Canada. Key developments of the day included the launch of the Enhancing Nature-based Solutions for Climate Transformation initiative which hopes to close the finance gap for nature-based solutions across seven areas, the publication of the High-Quality Blue Carbon guidance, and the UK committing £30m to the Big Nature Impact Fund and £12m for the Ocean Risk and Resilience Action Alliance. The EU and Egypt also signed a Memorandum of Understanding on a strategic partnership on renewable hydrogen and a joint statement under which the EU will provide €35m for Egypt’s Energy Wealth Initiative, and the Beat the Heat: Nature for Cool Cities Challenge was launched. Penny Simpson, partner at Freeths LLP, Zaneta Sedilekova, associate at Clyde&Co and Biodiversity Risk Advisor at Commonwealth Climate and Law Initiative, Ben Standing, partner at Browne Jacobson LLP, and Dean Hickey, associate at Slaughter and May, shared their thoughts on Biodiversity Day.
This analysis was first published on Lexis®PSL on 16 November 2022 and can be found
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