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COP27 outcomes

The Conference of Parties (COP) is a climate summit that is held by the United Nations every year, giving governments a chance to agree on steps necessary to limit global temperature rise. The COP27 is the 27th annual UN meeting, which took place om Sharm el-Sheikh until 18 November 2022, with more than 200 governments invited.

Results in a nutshell:

Despite the fact that countries were asked prior to the meeting to submit ambitious national climate plans, only 25 of those have managed to do so. Only minor advances in pledges to cut emissions were made by the delegates, instead they introduced a loss and damage fund to help compensate nations after climate-related disasters. While this helps build solidarity and trust, the criteria to trigger the payout is still unknown.

In general, the 2022 COP did not deliver on its goal for ambitious climate reduction plans, but rather concentrated on a mechanism to pay for the loss and damages that climate change will probably cause in exposed regions. On the one hand the negotiation of such a fund was a major accomplishment, because it was one of the fundamental demands of developing countries for years. However, on the other hand, results on concreate and improved emission reduction targets were scares and therefore somewhat disappointing from the perspective of many environmental protection non-profit organizations.

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