COP27 delivers on finance for Loss and Damage, disappoints on fossil fuels, adaptation
The UN climate change conference COP27 in Sharm el-Sheikh failed to advance climate action and ended with only one achievement: the decision to establish a designated fund to provide financial support to victims of climate impacts.“While the cover decisions from last year’s climate change conference COP26 embarked on a new and ambitious path, by mentioning the need to phase down fossil fuels, the COP27 outcome only represents a standstill on that path. Sadly, the overall outcome lacks the sense of urgency that emanated from the science presented in the Sixth Assessment Report of the