Achievements and Outcomes COP27
- Agreement to create a fund for countries dealing with climate disasters, and hold this as a future standing agenda item
- A $20 billion deal was announced to support Indonesia moving away from coal
- There was no phasing down of all fossil fuels to build on phasing down coal at COP26
The COP27 climate summit in Sharm El-Sheikh delivered agreement to create a loss and damages fund to tackle the effects of climate change on developing countries but it also highlighted the limits of multilateralism as countries vetoed efforts to bring forward targets on limiting global warming.