COP27 venue

COP27 achieved nothing. No surprises there


Another UN climate meeting has come and gone. Yet again, it will make no difference whatsoever. The fossil fuel industry will continue to expand. Greenhouse gas emissions will increase. The climate crisis will get worse. Here’s a brief overview of some of what came out of COP27. Loss and damage COP27 did reach an agreement to set up a fund to compensate countries for the loss and damage caused by the climate crisis. This is important. But the details are hopelessly vague, or completely non-existent. Where the money is going to come from, and when, is anyone’s guess. The governments taking part in COP27 did reach a decision “to establish new funding arrangements for assisting developing countries that are particularly vulnerable to the adverse effects of climate change, in responding to loss and damage . . . ” They will set up a “Transitional Committee” with “a view to operationalizing the funding arrangements”. And...