COP27 summit in Egypt wrapped up Sunday with Historic deal on financing for help most affected by climate countries coping with devastating effects of global Heating.
However, a climate damage fund deal at a fraught UN climate summit saw it work share of anger over a failure To drive more ambition on cutting emissions.
The talks lasted two weeks in Egypt’s resort on the Red Sea of Sharm El-Sheikh which in times It seems to be swinging on the edge of Meltdown, made a huge breakthrough on Box for Climate “Loss and Damage”.
Pakistan’s Climate Minister Sherry Rehman said COP27 had “heeded the voices of The weak, the affected and the missing of All world. “
“We struggled for 30 years on this is pathand today in Sharm el-Sheikh made this trip first positive milestoneshe said to the summit.
Tired delegates applauded when the Loss and Damage Fund was approved as the sun set up Sunday after about two more days of negotiations that took place round-the hour.
But rejoicing over that achievement She was met with stern warnings.
UN Secretary-General Antonio Guterres said the UN climate talks “have assumed great importance step direction justice” with Loss and Damage Fund, but failed in Pay for flash carbon-cutting need to be addressed global Heating.
Our planet is still in “The emergency room,” Guterres said. need radically reduce emissions now that is issue The COP did not address this.”
“quarantined by emitters”
a final COP27 statement which covers a wide range of the world’s grappling efforts with Planet warming continued on the line on ambition goal of limits global warming to 1.5 °C (34.7 °F) from pre-industrial levels.
He. She also included language on Renewable energy for The first time, while repeating previous calls to accelerate “efforts toward a gradual reduction of Relentless coal power And the phase-out of Inefficient fossil fuel subsidies.
But that failed to go much further decision From last yearCOP26 meeting in Glasgow on key about issues cutting Pollution caused by planetary heating.
European Commission Vice President Frans Timmermans said the EU was “disappointed”, adding that more More than 80 countries have supported a stronger emissions pledge.
“What we have in In front of me of us not enough of a step forward for people and the planet.”
“It doesn’t bring enough added Efforts by major emitters to increase and accelerate emissions reductions,” Timmermans said, who 24 hours earlier threatened to walk out of conversations rather than havingbad result. “
british alok sharma, who COP26 chaired in Glasgow Pass said on energy has been weakened, in The final Minutes.”
German Foreign Minister Analina Berbock said she was frustrated with cutting emissions and fossil fuels phase-out She was “blocked by a number of Large oil emitters and oil producers.”
Criticized by some delegations for Shortage of Transparency During the negotiations, Egyptian Foreign Minister Sameh Shoukry, chair of COP27, said any mistakes were “definitely not intentional”.
“I think I succeeded in Avoid anything of “The parties had to back off,” he said.
loss and damage
Deal on Loss and damage – which hardly made On the negotiation agenda – collected critical momentum during the talks.
Developing countries pushed relentlessly for the box, with success at last in Get support of Wealthy polluters have been afraid for a long time of open liability.
statement from the alliance of Small island states, consisting of Islands whose existence is threatened by sea level riseHe said the loss and damage deal was “historic”.
Conventions made In COP27 a win for All we have in the world, said Mulwyn Joseph. of Antigua and Barbuda and Chair of Alliance of Small Island States.
“We showed those who We felt left out because we hear you, we see you, and we give you the respect and care you deserve.”
with about 1.2 °C of warming so far world Chain saw of Extreme weather conditions, highlight on deadlock of development countries faced with Escalating disasters, as well as energy and food price Crisis and inflation debt.
The World Bank estimated these devastating floods in This is Pakistan year caused $30 billion in damage and economic loss.
The fund will be directed towards developing countries that are “particularly vulnerable to negative impacts.” of Climate change “- language requested by the European Union.
‘On the edge’
Europeans were also wanted To broaden the base of the funder for coughing up cash – Razor for China and other better-off Emerging countries.
The final Loss and damage text left many of thorny questions to be dealt with with By a transition committee, which will be accountable to next yearclimate meeting in Dubai to obtain operating financing.
Scientists say limiting the temperature rise to 1.5°C is much safer against catastrophic weather effects, with The world currently way off track and address for about 2.5 degrees Celsius below current obligations and plans.
Historical result on Loss and Damage in COP27 shows international Collaboration possible Mary Robinson said, former president of Ireland and the President of Elders.
Likewise, renewed commitment on 1.5 °C global limit warming was a source of satisfaction. However, nothing of this is changes The fact that world remains on the edge of climate catastrophe.”
