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View all search resultsCOP27 agrees to historic climate fund
Jubilation over milestone damages funding countered by warnings that more must be done.
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A
fraught United Nations (UN) climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming – but also anger over a failure to push further ambition on cutting emissions.
The two-week talks in Egypt's Red Sea resort of Sharm el-Sheikh, which at times appeared to teeter on the brink of collapse, delivered a major breakthrough on a fund for climate "loss and damage."
Pakistani Climate Minister Sherry Rehman said the 2022 UN Climate Change Conference (COP27) "responded to the voices of the vulnerable, the damaged and the lost of the whole world."
"We have struggled for 30 years on this path and today in Sharm el-Sheikh this journey has achieved its first positive milestone," she told the summit.
Tired delegates applauded when the loss and damage fund was adopted as the sun came up on Sunday following almost two extra days of negotiations that went round-the-clock.
But jubilation over that achievement was countered by stern warnings.
UN chief Antonio Guterres said the UN climate talks had "taken an important step toward justice" with the loss and damage fund, but fell short in pushing for the urgent carbon-cutting needed to tackle global warming.
