1. Countries re-emphasize the need for Nationally Determined Contributions (NDCs) and 2030 goals to be in line with a 1.5°C pathway and the latest science to halve global emissions by 2030 as agreed at COP26, and commit to take action accordingly.

2. Countries or groups of countries make mitigation commitments in support of sector/systems transitions, in particular, to accelerate the just transition to clean energy and protect and restore nature.

3. The Mitigation Work Program for 2030 agrees to short-term urgent actions, a sectoral focus within its scope and recognizes the important role of non-state actors, including business, in sectoral decarbonization.

4. The Global Stocktake (GST) is designed and implemented in a robust manner to ensure that Parties’ level of ambition matches the action needed to achieve the 1.5°C objective:

• GST design reflects a strong purpose to accelerate global ambition, inclusivity and an evidence-based approach.
• Non-Party Stakeholder action should be integrated into the GST through Biennial Transparency Reports, alongside direct submissions to the GST.

1. COP27 elevates adaptation and building resilience, including the needs of access to finance, technology and capacity

2. Tangible process is made in the 2-year work program launched at COP26 to develop a Global Goal on Adaptation

3. Finance by developed countries towards adaptation increases. Specifically, public financing from developed countries to support developing countries reflects a 50:50 split towards climate mitigation and adaptation

4. Loss and Damage (L&D) is on the formal agenda of COP27, and progress is made on:

• Recognition of impacts being felt already and need for collective response
• Finance pledges and instruments – COP27 may see some governments coming forward with new pledges for finance to address Loss and Damage, as well as several Parties will call for the development of a Loss and Damage facility under the UNFCCC that will ensure that L&D issues are treated in a holistic manner. 

1. Countries deliver on public finance now to unleash private sector investments that immediately help reduce emissions and impacts

2. Countries deliver on the USD 100 billion per year international public climate finance commitments for developing countries’ climate mitigation and adaptation efforts

3. Countries commit to future public finance with concrete steps towards agreeing a New Collective Quantified Goal post-2025 on financing from developed countries to support developing countries

4. Countries make progress on pathways to align financial decisions and flows with 1.5°C scenarios:

• Reform fossil fuel subsidies by 2025 with plans to repurpose those towards energy efficiency, renewable energy and other measures to support a people-centered and equitable clean energy transition
• Put a meaningful price on carbon and implement the Article 6 rules
• Make climate-related environmental disclosure mandatory for corporations