After days of intense negotiations that stretched into early Sunday morning in Sharm el-Sheikh, countries at the latest UN Climate Change Conference, COP27, reached agreement on an outcome that established a funding mechanism to compensate vulnerable nations for ‘loss and damage’ from climate-induced disasters.
COP27 is scheduled to wrap up in 24 hours but countries remain divided on several significant issues including ‘loss and damage’, the UN Secretary-General said on Thursday, urging parties to rise to the urgency of the moment and agree on real solutions to solve the greatest challenge facing humanity.
The second day of COP27’s Climate Implementation Summit saw world leaders raise their voices for concrete action, particularly on adaptation and the thorny issue of loss and damage.
© Unsplash/Markus Spiske Planet over Profit is a widely-used slogan in environmental protests worldwide.
With climate-related disasters displacing more people than conflict, UN Secretary-General António Guterres on Monday unveiled the details of his plan to ensure everyone on the planet is protected by early warning systems within the next five years.
Afghan refugee Bahadur, 60, stands amid the wreckage of his home after monsoon flooding in Khyber Pakhtunkhwa Province, Pakistan. © UNHCR/Usman Ghani
At the opening of the two-day Climate Implementation Summit at COP27 in Sharm el-Sheikh, Egypt, António Guterres called for a historic pact between developed and developing countries to combine capacities, and pivot the world towards reducing carbon emissions, transforming energy systems and avoiding a climate catastrophe.
The latest report from the UN World Meteorological Organization (WMO), released on Sunday, shows that the last eight years have been the warmest on record, fuelled by ever-rising greenhouse gas concentrations.