COP27, held in Egypt, begins tomorrow, and there is a lot for nations to ponder. The world has changed significantly since COP26 held in Glasgow in November last year, not least as a result of Russia invading Ukraine. We have seen an energy and food crisis develop, with inflation rates and the cost of living spiralling. At the same time, we have witnessed some extreme weather this year with record breaking heatwaves and wildfires in Europe and the United States, a terrible drought in Africa and the devastating floods in Pakistan. Nations have the difficult job of balancing their need to prioritise energy security by, for example, increasing the lifelines of coal and nuclear power stations with driving down their Carbon production. One of the key objectives of COP27 will be to help nations achieve that balance, and ensuring that their climate change commitments remain on track.
There are other issues to focus on too. Nations are under pressure to consider what a ‘just-transition’ to a net-zero future looks like. One of the key debates to be had at COP27 is the issue of ‘loss and damage’, whereby those nations impacted most by the effects of climate change, widely accepted to be the Global South, are compensated by those historically responsible for its amplification, namely the Global North. This has been a real sticking point at previous COP’s but developing nations and the COP27 hosts Egypt will be pushing again to address this issue.
You can see the full agenda here
With the built environment responsible for an estimated 40% of carbon emissions, real estate is a critical part of growing efforts to decarbonise our planet. That’s why we will keep you posted on key developments throughout COP27.
ABOUT DJB:
DJB is a national law firm that specialises entirely in real estate. The firm has offices in London, Manchester and Birmingham ensuring truly national coverage. The firm is renowned for its high quality legal work and service.
We only recruit experienced lawyers with excellent calibre. As a result, our legal team of around 50 lawyers have an average post-qualification experience that exceeds 20 years. Most have joined us from other City firms, in-house departments and/or senior roles. Our lawyers have advised some of the UK’s most significant land owners including Barclays Bank, HSBC, Credit Suisse, Rolls Royce, The Royal Parks, The Cabinet Office and The Crown Estate. This focus on quality only has led to a 50% male and female Partner rate.
All of our clients are provided with a dedicated client care professional at no extra charge, which ensures that they receive the highest standard of service at all times.
DJB is regularly selected to advise on high profile projects such as the hosting of the London 2012 Olympic Games by The Royal Parks and the first Sukuk Bond to be entered into by a Western Government on behalf of HM Treasury. Based in London at The Shard and also Manchester and Birmingham, DJB has a national presence.
The firm enjoys top tier rankings in all of the main directories, as well as receiving many awards.
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