illuminem is delivering you the finest analyses and the most recent updates on COP27 as the world leaders convene for the momentous conference

Within a few generations, plastic pollution has become one of the world’s most pressing environmental challenges, impacting our health, our communities, our planet and our climate.

While this is shocking, this does not come as a surprise - it is estimated that of all the plastic waste ever produced only 9% was recycled, and with production projected to increase in the years to come, we will never be able to solve this crisis with waste management and cleanups.

Three reasons why we need a Global Plastics Treaty

Let’s explore how carbon removal featured at COP27, the relevant developments in climate change negotiations, and what to watch out for through 2023 and up to COP28.

The Egyptian Presidency called COP27 the “African COP” and the “implementation COP”. The meeting in Sharm El-Sheikh could, however, also have adopted the strapline of the “removals COP”, given the levels of activity on the subject across the two-week conference.

Eve Tamme

Paul Zakkour

COP27: Paving the way for the “removals COP”

The impacts of climate change continue to compromise the livelihoods of hundreds of millions of Africans.

This is especially true of those that are dependent on sectors directly impacted by rapidly changing environments, such as agriculture. The impact could lower gross domestic product (GDP) by up to 3 per cent by 2050.

And while there is a growing recognition of the need to mitigate and adapt to climate change, Africa is not securing the scale of financing required.

How to develop a green project pipeline in Africa

Fighting climate change must not be about people fighting with people. This metaphor makes us quick to lay blame, scapegoat, and make it personal. My actions are better than yours, and I hate you for not doing it my way. Rather, we are all on the same side, fighting to reduce the burden of too much carbon in the atmosphere. As in COP27, we will only succeed by working with respect for others and in concert with one another.

Top Gun at COP27, “It’s not the plane, it’s the pilot.”

There are many absolute theories that have failed, but we are sure of something that on the path to decarbonization, the fight is being given by technology, through wind turbines and their constant advances, increasingly efficient and accessible solar panels, and reuse of waste like energy.

Technology as a means of change

Our current narrow and siloed ways of gathering and imparting knowledge translates into the workplace and into policymaking spheres and creates real barriers where a more interconnected way of thinking and an understanding of relations are key to addressing the world’s biggest challenges.

Re-inventing education in the era of climate change

Some pundits seem to see value in climate activists acknowledging the improbability of achieving 1.5 C (with or without overshoot) sooner rather than later, and adjusting their demands upwards to a more “realistic” “well below 2 C”. But while it is normal that political goal posts and long-term aspirations evolve over time, it is important to understand that 1.5 C is not a normal goal. We cannot simply give up on it because it has become seemingly “impossible” to achieve. First and foremost, 1.5 C is a physical limit, a scientific margin of safety. We cannot abandon a physical limit. Furthermore, 1.5 C is a moral responsibility. And we cannot escape our moral responsibility.

Why we should keep 1.5 C alive

In order to be truly effective in the struggle against climate change, hydrogen must have one characteristic: it must be fully sustainable.

Green Hydrogen: a feasible option for transforming Africa's Energy Sector

As the second most attended COP to date, over 30,000 attendees and delegations from almost 200 countries were in attendance to discuss mitigation, adaptation, loss and damage, climate finance, and collective action to try to keep the goal of limiting warming to 1.5 degrees alive.

Carissa Patrone Maikuri

Yusuf Jameel

COP27: Balancing historic decisions and alarming shortcomings

Policymakers and investors in Africa should put added focus on the energy transition for three main reasons: 1. this transition has been well underway even through a pandemic with investment attractiveness only improving, 2. renewable energy systems can help businesses persevere during a downturn and 3. Commercial and industrial solar, in particular, is key to African businesses hitting their climate targets.

3 Reasons Why African Solar Investments Should Be Recession-Proof

The 27th United Nations (UN) Climate Change Conference is off to a bad start. Two days in and the biggest news marking the event is not climate policy, but the oppression of protesters by the Egyptian Government and the on-site censorship of online platforms including Medium. 

Egypt Blocks Medium at COP 27

As an effective tool for climate risk mitigation and adaptation, insurers ought to fend for their own resilience as well. Blind spots in the form of existential chinks keep growing. Here are a handful of threats that get driven directly or indirectly - thanks to our penchant for fossil fuel resulting into anthropocentric behaviour. How do we anticipate and measure the fury of nature unleashed in response to our collective lifestyles? Do we provide and price them adequately? Are we even mindful of the extent and the central role nature and biodiversity play in our scheme of things? How do we deliver climate justice to ensure a just and equitable order? Many of the signals coincided with the COP27. Just one of them that I pick here - whether insurers, particularly in the Global North realise or not - almost drew them in.

Chink in the armour 

Larry Elliott, Economics Editor at The Guardian, has written recently about degrowth, promising to show us how to kick our growth addiction as a way out of the climate crisis. Unfortunately, he misunderstands and misrepresents degrowth and paints a dim picture of its potential, centering the problem on poorer nations for their unwillingness to degrow. He has surely undone some of the painstaking work that is underway to properly explain the new concept of degrowth. His lazy article demands a thoughtful response.

Larry Elliott’s Version of Degrowth Is Something Else

Fossil fuel lobby and neo-liberalism must not stand in the way of renewable energy’s increased potential.

Amid climate crisis gloom, new renewables technology brings a ray of hope

Although governments around the world are becoming increasingly aware of the exposure of global supply chains networks to the impacts of climate change, the free-market and free-trade agenda that has shaped global trade policy developments in recent decades has embedded a “market-first” approach that tends to assign ownership of such risks to the market. Yet, the level of awareness and readiness among private sector actors to act on transboundary climate impacts remains uncertain

Dispatch from the Climate-Trade Nexus

World leaders have in the past reacted to global emergencies such as the World War II and the COVID 19 pandemic with all urgency and seriousness. With the response to these emergency situations in mind, and at the conclusion of COP27, it is particularly disheartening to see that leaders still aren’t taking climate change – the greatest threat humanity has ever faced - seriously.

We are still not taking climate change seriously

Climate change is both now and our future. It will continue to radically alter our daily lives. If we take action today, we can adapt to these massive changes and give ourselves a head start for the best possible outcome. The alternative is to try, in vain, to hold back the rising tides. We all hope that climate change is slowed but hope is not a strategy.

Climate investment has a blind spot: Adaptation

Much of the discussion about addressing climate change — and other environmental issues — focuses on top-down government policy. This approach, however, isn’t working for climate change for several reasons. What we need is people across the globe using environmental technologies to take millions of small actions to solve the planet’s biggest environmental problems.

Climate action is in our hands with tech that encourages small steps

The World Cup is upon us, which is an odd thing to be saying in November. Setting aside some of the issues related to this specific one, I’m excited as I am every four years, whether it is the women’s or men’s cup (Don’t go to a biennial cup, FIFA. Don’t do it.). It is the world’s biggest sporting event that highlights the globe’s most popular sport. What is remarkable about this year’s tournament, and sports in general lately, are the learnings that can be applied to industrial companies working through energy transition and sustainability challenges. I’m not suggesting a one-to-one comparison between sports and industry, but there are some parallels that industrial companies could benefit from observing.

What the World Cup Can Teach Industrial Companies About Energy Transition and Sustainability

The annual global clean investment gap stands at $3trn. It is time for a financial system intervention.

Closing the clean investment gap

With rising seas, fighting climate change is a participatory challenge of us against the elements. It is all hands-on deck reducing carbon emissions and increasing carbon drawdown.

President Biden stood by the Red Sea in Egypt on Nov. 11th before delegates from 197 nations at the UN Climate Conference COP27. With Congress hogtied on delivering on any climate change pledges because Republicans had taken a slim majority of the House of Representatives, Biden took command with administrative actions that would slow global warming to achieve the objective of 1.5 degrees C (2.7 degrees F) rise above preindustrial levels by 2030.

Biden’s game-changing administrative actions for climate at COP27

There are people who are still unaware of the severe impacts of Climate Change or who, better still (for them), try to look the other way, so as not to recognize their NEGATIVE contribution to pollution on the planet.

They are not isolated events that impact nature and do not affect people, quite the opposite. The repeated changes in the climate are mostly expressed by climatic consequences, either in destruction or loss of spaces.




Myth or Reality About Climate Change

Cultivated since the dawn of agriculture and cited in ancient works of literature. Small in size, yet nourishing to both our bodies and the earth. They are the superfood we need to counter the latest food price crisis, a possible fertilizer shortage in the near future and increasingly erratic weather patterns.

Paul Newnham

Ismahane Elouafi

A Super-Powered Ally to Solve the Hunger, Poverty, and Climate Crises

In this article, the fourth in our series*, we talk about another group that can play a very important role in the blended finance symphony: development banks. There’s a multitude of actors under this header, with different terms applied: multilateral development banks, international financial institutions, development finance institutions. Some of what we say below applies to all, while other points only apply to select members of this group.

Harald Walkate

Robert W. van Zwieten

Simon Gupta

Development Banks: Blended Finance is Like Music

Now nearing a close, what will COP27 be remembered for? The commentary and analysis has been thorough, and the impact is yet to be seen.

The words “Highway to climate hell” have been thrown around. And “together for implementation” branded as the mantra that will bring about the commitments needed to quash scientifically accelerating global warming.

COP27? Thoughts, feelings and emotions - aplenty; Actions - emergent

As a youth climate activist, my feelings towards COP27, and COP’s in general are very complicated.


A youth Activist's Personal View on COP 27 

The inordinate injustice catchphrase is the best I could coin in order to succinctly explain the persistent inequity machine that is climate change.

In its 2021 Global Carbon Project study, the UN Conference on Trade and Development showed that the 46 least developed countries – which about 1.2bn people call home – account for only 1.1% of total world CO2 emissions. In 2022, the global CO2 emissions from burning fossil fuel are set to rise to 37.5Gt and a further 4Gt will come from the uses of land and deforestation. To put into perspective, 14% of the world’s poorest population is increasingly affected by climate change in a manner in which they are unable to respond to or alleviate future damage.

The Inordinate Injustice. Can COP27 Live Up To Its Mission?

Carbon removal is necessary to stabilize temperatures along with massive emission reductions. Governments will need to pick up most of the bill. Still, corporate support can play a very important role in catalyzing CDR and other climate solutions, getting new technologies off the ground, and scaling projects that otherwise would not grow. Today, most companies are not contributing nearly as much as they could.

Who should pay for carbon removal?

Awareness of our need to adapt to the climate crisis has certainly risen. After a summer marked by extreme weather events, such as fires in southern Europe or floods and landslides in Pakistan, we have become more aware of the need to adapt to the effects of climate change.

Climate adaptation actions in response to this challenge consist of adjustments in ecological, social, and/or economic systems in response to actual or expected climatic changes. While rather broad, this is not a bad definition. It is however important to consider that the key issue for adaptation is that, unlike most mitigation actions, adaptation actions require the development of highly localized strategies for effectiveness, which will differ significantly across contexts and locations. 

Andreas Biermann

Niloufar Javadi Abhari

Thomas Lechat

Finding money for adaptation action – why is this such a challenge?

There has been a cascade of reports telling us that climate action is not scaling up quickly enough. At the same time, there has been a series of reports documenting high and rising levels of malnutrition, exacerbated by the global food price crisis. Climate change is the single biggest risk to the planet’s health. Malnutrition is the single biggest proximate risk to human health.

Lawrence Haddad

Saskia Osendarp

Saleemul Huq

COP 27 must be the beginning of a new shared vision for climate and nutrition

We can stop all greenwashing and still not have halted global overheating and other pending disasters. Whitewashing is the opposite of taking responsibility for financed emissions, and it needs urgent attention.

Forget Greenwashing – Whitewashing is what we should worry about

One year after Glasgow, the world is meeting for another climate summit in Sharm El-Sheikh, Egypt. And the situation could not be more pressing. Unfortunately, the world is a long way from the decade of implementation proclaimed in Scotland – on the contrary, 2021 ended with the highest GHG emissions ever measured worldwide. Global energy demand is growing exponentially as well. Furthermore, energy markets and policies have changed due to the Russian invasion of Ukraine, not just for the time being but for decades to come.

In short: Together for Implementation. Just and Ambitious – the motto of this year’s COP27 conference in Sharm el-Sheikh could not be timelier and more precise because action is needed more urgently than ever. But COP27 needs to deliver much more than just words – because time is running out.


It is time to act – no excuses

For years climate change warnings have followed a similar pattern: Act now to prevent catastrophic consequences in the future. Yet as we go into the 27th United Nations Conference of the Parties climate summit in Sharm El-Sheikh, Egypt, that message alone is not enough – We must also focus on the need to protect ourselves and our planet today.

Climate change is no longer a far-off threat. It’s here, affecting lives and livelihoods and disrupting hydrological and other ecological cycles. The earth has warmed 1.1 degrees above pre-industrial levels, and the number of climate and weather-related disasters has increased almost 35 percent since the 1990s. Just consider the recent devastating floods in Pakistan and Nigeria that have killed hundreds and displaced millions.

It’s time to get serious about climate adaptation

As world leaders assemble for the United Nations climate change conference (COP27) in Egypt, it’s hard to be optimistic the talks will generate any radical departure from the inexorable rise in global carbon emissions over the past two centuries.

After all, before last year’s Glasgow talks, experts warned the summit was the world’s last chance to limit global warming to 1.5℃ this century. And yet, a UN report last week found even if all nations meet their climate goals this decade, the planet would still heat by a catastrophic 2.5℃.

Christopher Wright

Daniel Nyberg

Vanessa Bowden

A technologically advanced society is choosing to destroy itself. It’s both fascinating and horrifying to watch

Durability - the length of time carbon is removed from the atmosphere - is for many market participants becoming the central factor when assessing the integrity of carbon dioxide removal (CDR). Frontier, the CDR fund spearheaded by Stripe, has a strict criteria that any recipient of funding must have at least 1,000 years of durability.

But why, I hear you ask, are we fixated on storage that lasts longer than the Bayeux Tapestry? Why an entire millenia? Why not 500 years, or 200 years?

Playing the devil’s advocate on durability

COP 27 is taking place against the backdrop of multiple and interacting crises, all competing for attention: food and energy insecurity, inflation, debt, Russia’s invasion of Ukraine and a looming recession. All this makes the climate summit in Sharm El-Sheikh (Egypt) the third ‘tough’ COP in a row, after COP 25 was moved from Chile to Madrid and a gap year when COP 26 in Glasgow was postponed due to the pandemic.

Lara Lázaro

Raul Alfaro-Pelico

COP 27 in Sharm El-Sheikh: from climate frustration to radical implementation?

There is a long list of unfulfilled COP26 promises. However, the world leaders’ summit on the opening two days of the COP27 climate conference came with a flurry of shiny new announcements. These included a Forest and Climate Leaders Partnership to “protect, conserve and restore the world’s forests while delivering sustainable development and promoting an inclusive rural transformation”. 

COP27 comes after a year of unfulfilled COP26 promises

Adaptation is not happening nearly as fast as it is needed. We have focused extensively on the causes of climate change, as well as the emissions and mitigation strategies, but we can no longer delay focusing on the consequences, and that means focusing on adaptation.

COP27: Adaptation measures need to happen faster

Nov. 6 [marked] the opening of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change, or “COP27” as the latest global climate conference is colloquially known. Over the following two weeks world leaders, scientists, policy experts, activists and ordinary citizens will meet in Sharm El Sheikh, Egypt, to deliberate over our shared climate future. 

Our shared climate future

World leaders reconvened in Egypt on November 8th for COP27, which runs until the 17th.  At his opening speech, UN Chief Antonio Guterres reminded the world that climate change mitigation is the fight of our lives, and sadly it looks like we are losing the battle.

COP27, The “Fight of our Lives” and Time Value of Money

We are currently in the implementation phase of the Paris Agreement, which is a major focus on the 2022 UN climate negotiations in Sharm El Sheikh, Egypt. Mobilizing climate finance is key to any implementation of solutions. 

Scaling up climate investments for a just transition in the Asia-Pacific

World leaders gather anew in Egypt for COP27 to address the existential threat of the climate crisis; while solutions exist, the world needs to see action and implementation. To achieve this, the global community needs both grit and optimism.

COP27 should be about collaboration, green acceleration, and, most importantly, bringing to life existing concepts and solutions to scale and create much-needed green jobs. A metaphorical crossing of the Red Sea is needed to halt the current trajectory to 2.8°C or more of global warming. It is time for finance to step up.

Frederic Hauge

Dan Kammen

COP27: Green hope growing in the desert 

Climate change in Nigeria is as disastrous as it is unheard of and of the ten countries considered most threatened by climate change globally, seven are in Africa. Given the recent devastations from flooding, droughts, desertification and conflicts across the continent, African governments have increasingly expressed concern about the impact of climate change. 

COP 27: What It Means for Nigeria

The world is facing multiple overlapping challenges. The recovery from COVID-19 and the impacts of climate change along with the food, energy and cost of living crises are straining the economies of many countries in the Asia-Pacific region.

The fossil fuel crisis is leading many countries to seek greater energy security. But energy security today means more than just safeguarding access to resources. It is also about ensuring reliable and affordable energy supplies while at the same time protecting economies from exposure to price volatility. It is increasingly clear that the energy transition will be an enabler of energy security.

Kaveh Zahedi

Matthew David Wittenstein

Considering energy security in the transition to a low carbon world

Climate change is a global challenge affected by GHG emissions from anywhere. We need to reduce emissions from coal power generation and that requires some program to encourage and entice owners to shutter their plants. A global auction, conducted by the United Nations or a similar international organization, would help to identify opportunities where willing plant owners and interested funders can make a deal.

Philippe Benoit

Chandra Shekhar Sinha

Early Coal Retirement: How about a Global Auction

Carbon dioxide (CO2) is one of the most well-known greenhouse gases. It is not surprising that CO2 has come to be widely recognized as the cause of global warming and climate change, given that it accounts for 65% of worldwide gas emissions. However, we should not only concentrate on carbon dioxide as we tackle climate change. Reducing carbon emissions is essential, however, other greenhouse gases also have an effect on our climate as well.

Why reducing methane is better than CO2 to fight against climate change

Rich nations should demonstrate their commitment to human rights, climate justice, and social equity with loss and damage funding.

It’s time for climate compensation at COP27

Recent political developments cast a shadow over global Net Zero goals, as there is no decarbonization without China.

Being a heavy emitter of greenhouse gases, with so many coal fired power plants in operation, China’s own efforts to decarbonize their grid and economy are paramount to global targets. When it comes to the development of new green solutions and technology, from electrolysers for green hydrogen, to battery manufacturing, to EV assembly, to solar panel production, China leads by both volume and IP. 

There is no decarbonization without China

The state of federal climate policy is a good news, bad news story. The bad news will likely come in on the developing red tide that looks to flip one or both chambers of Congress to Republican control.

Although a Republican Congress would be hard-pressed to rescind the recently passed infrastructure and inflation reduction acts, it could force reductions in funding levels, delay implementation, and loosen rules on how the funds can be used to a point where the promised reductions in harmful emissions are never realized.

The good news is Congress, and the White House were able to pass three historic pieces of legislation—the IIJA, IRA, and the CHIPS and Science Act before the elections. The bills take direct aim at combating climate change through funded policies and programs.


Today’s Politics Are Tomorrow’s Climate Policy (part 3)

Ultimately, the key to ameliorating the climate change problem lies in exploiting the opportunities involved in clean energy technologies. There is no silver bullet, but countries stuck in fossil fuel dependency need to break the cycle of rent and energy inefficiency.

Ross Harvey

Vincent Obisie-Orlu

COP27: Why it is in Africa’s best long-run interests to abandon fossil fuels

COP27 | Illuminem Voices

A historic fund to help vulnerable countries worst affected by climate change was adopted at the COP27 summit. Wealthy nations have long refused to compensate poor countries struggling to cope with the effects of climate change, fearing legal liability.


Al Jazeera

Will rich nations pay for the climate 'loss and damage' fund?

Great-power rivalry will shape the world's response to the crisis
"W the occasion," crowed Egypt's foreign minister after 27, the global climate summit that ended on November 20th. Hardly. The delegates failed to make a clear commitment to phase out the use of fossil fuels. The best they could produce was a vague agreement that rich countries should pay poor ones for climate-related "loss and damage".

The Economist

COP27 was disappointing, but US-China climate diplomacy is thawing

This year's summit was set against a backdrop of record-high levels of hunger and multi-year droughts that continue to grip many parts of the continent.

Carbon Brief 

COP27: Key outcomes for food, forests, land and nature at the UN climate talks in Egypt

For farmers like Christine Nabwami from Uganda, there is no doubt about the damage that greenhouse gas emissions are wreaking on the world's life support systems.
A chairperson of the Eastern and Southern Africa Small Scale Farmers Forum (ESAFF), the 42-year-old leader has watched droughts wither the cash crops - coffee, banana and maize - she needs to sell.

Euronews

Food experts 'deeply disappointed' by COP27 approach to agriculture

United Nations still considers China, now the world’s second-largest economy and biggest annual polluter, a developing country


The Washington Post

How China, the world’s top polluter, avoids paying for climate damage

For the first time, members of the United Nations climate conference have agreed to compensate poorer nations hit hardest by climate change. Delegates from low-income countries say they are optimistic. This is despite no agreement having been reached on where the money will come from, nor how it will be distributed.


Do COP gatherings serve any purpose?

As politicians, activists and journalists celebrated the historic breakthrough to create a loss and damage fund at COP27 and bemoaned the failure to call for a phase-down of fossil fuels, few noticed that the summit took a step -- albeit a very controversial one -- toward preserving forests and other ecosystems via pledges made by carbon-polluting countries and companies trying to meet their climate goals.

Mongabay

COP27 boosts carbon trading and 'non-market' conservation: But can they save forests?

Cop27 was billed as one of the most consequential global climate summits in a generation.


The Independent

The good, the bad and the exceedingly ugly of this year's Cop

This week, in the final episode of our four-part series on COP27, we ask whether the summit's "loss and damage" pledges will make a difference, and what the final deal means for climate action


Did "Africa's COP" meet expectations?

We all know there's no such thing as a free lunch, so it should come as no surprise that the conference-closing win claimed by developing nations at COP27 came with strings attached.

Politico

The art of the deal at COP

Governments agreed in Glasgow to accelerate climate action, but progress has been mixed amidst global crises. COP27 began with gaps across the agenda and tempered expectations. Nonetheless, +30k delegates, including c.100 Heads of State (excl. China, India, Russia) and many CEOs came for two weeks of negotiations, announcements and discussion

Boston Consulting Group

COP27: An Inside Perspective

Call for funding grows for diplomatically isolated Afghanistan, which has faced natural disasters because of climate change.
Afghan climate activist Abdulhadi Achakzai was the only representative of his country at the United Nations COP27 climate conference held recently in the Egyptian resort city of Sharm El-Sheikh.

Critics lament exclusion of Afghanistan from COP27

Harassment of climate summit delegates and holding pen for protesters mar country’s attempt to polish international reputation



The Guardian

Cop27 backfires for Egypt as signs of repression mar attempt to bolster image

Climate ambassadors Xie Zhenhua and John Kerry meet at the UN-led global summit in Egypt as bilateral talks resume following rift over Taiwan


South China Morning Post

COP 27: China and US held ‘constructive’ climate talks with more to follow, Beijing’s envoy says

Following the conclusion of the COP27 climate summit, the International Chamber of Commerce (ICC) has issued the following statement.



COP27 leaves 1.5 goal on “life support” says ICC Secretary General

UNFCCC head Simon Stiell says he intends to review the process for the annual summit

Financial Times

UN climate chief plans shake-up of COP annual talks after criticism

UN Live's Molly Fannon reflects on the the importance of getting a broad spectrum of voices heard at summits

Business Green

COP27: The voices that were missing

COP27 climate talks in Sharm el-Sheikh were meant to end on Friday, but have run into the weekend because of deep divisions between nations.

COP27: What are the sticking points in COP27 negotiations?

The 27th United Nations Climate Change conference (COP27) delivered a partial success in the agreement to create a loss and damage fund. This is greatly welcome. But yet again, these climate talks failed to deliver agreement on the most basic requirements of stopping climate breakdown — to rapidly slash the burning of fossil fuels.

C40 Cities

COP27 ends with limited progress on climate action, but unprecedented engagement of global mayors

The European Commission's efforts to push the EU's ambitious green agenda at international level took a hit at the UN climate conference in Egypt and are likely to suffer another blow this week over an international treaty designed to protect energy investments.

EU faltering in international talks against fossil fuels

A deal was struck at United Nations climate talks on Saturday to set up a fund that would pay for climate-related damage in countries deemed particularly vulnerable, officials said, handing a victory to poorer nations that have pushed for the move for years and removing a major sticking point in broader negotiations to address global warming.


The Wall Street Journal

COP27 Strikes Deal on Fund for Poorer Countries Vulnerable to Climate Change

United Nations climate talks ran into extra time on Saturday with little sign of a breakthrough, as negotiations remain hung up on key issues including funds for the loss and damage suffered by poorer vulnerable countries hit by extreme weather.
Officials from country delegations arrived at the sprawling conference zone, now mostly empty, for another day of negotiations.

COP27 summit tries to reach agreement in eleventh hour negotiations

The Sharm el-Sheikh Implementation Plan was gavelled through at dawn on Sunday 20 November 2022, after a two-week climate summit went into overtime.

Climate Home News

What was decided at Cop27 climate talks in Sharm el-Sheikh?

Countries at the United Nations COP27 climate summit in Egypt have adopted a final agreement that establishes a fund to help poor nations cope with the extreme weather events caused by global warming.

Historic 'loss and damage' fund adopted at COP27 climate summit

Developing countries celebrated on Sunday morning as crucial climate talks ended with a “historic” deal on their most cherished climate goal: a global fund for “loss and damage”, providing financial assistance to poor nations stricken by climate disaster.

However, the deal was far from perfect, with several key elements flawed or lacking. Some countries said the commitments on limiting temperatures to 1.5C represented no progress on the Cop26 conference in Glasgow last year, and the language on phasing out fossil fuels was weak.

Cop27 agrees historic ‘loss and damage’ fund for climate impact in developing countries

The United Nations Climate Change Conference COP27 closed today with a breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters.

“This outcome moves us forward,” said Simon Stiell, UN Climate Change Executive Secretary. “We have determined a way forward on a decades-long conversation on funding for loss and damage – deliberating over how we address the impacts on communities whose lives and livelihoods have been ruined by the very worst impacts of climate change.”

UN Climate Change

COP27 Reaches Breakthrough Agreement on New “Loss and Damage” Fund for Vulnerable Countries

Countries adopted a hard-fought final agreement at the COP27 climate summit early on Sunday that sets up a fund to help poor countries being battered by climate disasters - but does not boost efforts to tackle the emissions causing them.


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