Hopes for big finance at Cop27 fade in climate of war, high energy prices

Big business more than ever is under pressure to channel money into curbing climate change – and yet the chances of UN talks providing the necessary spur have slimmed as the Ukraine war, high energy prices and geopolitical tensions take precedence.

In interviews, more than a dozen US and European finance leaders were pessimistic the climate conference in Sharm el-Sheikh in Egypt starting November 6 can make clear progress.