Five key takeaways from COP27 climate summit
1: The biggest win on climate since Paris...?
"For someone who has seen his home disappear in the floods in Pakistan, a solar panel or a sea wall isn't much use," explained Harjeet Singh from the Climate Action Network.The fund comes with many unknowns. What will be the criteria to trigger a payout? Where will the money come from, and will it be enough?But establishing the loss and damage fund is about more than money or compensation or reparations - it is really about solidarity and rebuilding trust.
But at COP27, the EU and other developed countries were willing to die on the hill of strengthening the promise to keep 1.5C alive.outthe use of coal. There's a deep sense of solidarity by the richer nations with the island states on this issue of keeping below 1.5C So even as the science and the COP process falter on 1.5C, expect the diplomatic attachment to grow stronger in the coming years.Chart showing China as main emitter of CO2
The crammed pavilions felt at times like a fossil fuel trade fair. This influence was clearly reflected in the final text.
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