The UN Climate Change Conference COP27, held in Egypt’s resort town of Sharm al-Sheikh, reached an unprecedented breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters.
Despite the step forward in loss and damage funding, summit parties were unable to agree on other files. Issues of contention will be discussed in the UAE, which will host the COP28 summit next year. These files include the mechanisms by which the loss and damage fund will be implemented, and steps needed for lowering emissions.
