What Did COP27 Achieve?
Following two weeks of negotiations built on over three decades of struggle, COP27 finally yielded a Loss and Damage fund on November 20. The Sharm el-Sheikh Implementation Plan was gavelled in the early hours of Sunday, two days after the summit was scheduled to end, as negotiations ran into overtime on key standing issues.
“The ultimate test of this COP is that it responded to the voices of the vulnerable,” stated Pakistan’s Minister for Climate Change Sherry Rehman during the closing plenary. “The establishment of a Loss and Damage fund is not charity. It is a down payment on our shared futures. It is a down payment on climate justice.” Pakistan served as chair of the G77 and China bloc, which represents 134 countries, and played an instrumental role in getting Loss and Damage on the agenda.