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cop27-rewind-financing-and-partnership-commitments-in-focus
© Shutterstock / rafapress
cop27-rewind-financing-and-partnership-commitments-in-focus
© Shutterstock / rafapress

COP27 rewind: Financing and partnership commitments in focus

While the climate goal of ‘implementation’ remains a slow burn, there was no doubt that hydrogen’s stature rose with more discussions, collaborations and deals announced at the UN Climate Change conference.

Sharm El Sheikh had its moment in the sun with the hosting of COP27, and it radiated across Africa. The Egyptian resort channelled new focus on the continent, highlighting its domestic and export potential across the renewables spectrum, especially hydrogen.

A dedicated ‘Hydrogen Transition Summit’ discussed global opportunities and challenges, and partnerships and financing packages came to the fore during the high-profile two-week climate change conference. A series of ‘thematic days’, among them Energy and Decarbonisation, also concentrated minds on the disparate challenges tackling climate change.

In key strategic moves, the Director-Generals of the International Renewable Energy Agency (IRENA) and United Nations Industrial Development Organisation (UNIDO) signed a joint declaration to advance sustainable energy through the role of green hydrogen.

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