Climate summit ends with crucial decisions left to future years

Other than setting up a fund for loss and damage, COP27 fell short of expectations.

21 November, 20227 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
Climate summit ends with crucial decisions left to future years

Why read this story?

Editor's note: For a few minutes on Saturday evening, it seemed as if the COP27 climate conference was concluding. Phones buzzed with notifications of newly uploaded draft treaty documents. These indicated a consensus on major issues like loss and damage, which had dominated the headlines since the summit’s opening, and had delayed the close by an extra day. Observers and journalists appeared relieved. Some clicked group photos and cheered. The UN climate secretariat even scheduled a YouTube live stream of the closing meeting. “We’re tired, we just want to end this and go home,” a European negotiator had told me earlier, standing in a queue at the grocery shop in the conference venue. He had purchased several bags of potato chips and bars of chocolates to last the night; the only food counter at the venue had already run out of sandwiches. “They’re going to tire us into a deal.” And then, phones began to buzz with a new notification: A last-minute press conference by the Republic of the Marshall Islands, an island nation in the Pacific Ocean. In reality, it was …

You may also like

Chaos
Story image

Why UAE’s stability premium is under question

For years, the country has been insulated from West Asia’s conflicts. Six days into the Iran war, that status is under strain—and investors could be recalibrating.

Business
Story image

A chaotic week for Adani group speaks volumes about India’s energy scene

From crippling solar tariffs and a sovereign fund exit to revived power contracts, a turbulent week highlights the group’s contested yet indispensable role in India’s energy transition.

Internet
Story image

Talabat slows down in December quarter, plans new investments

Delivery Hero-owned food delivery giant is seeing aggressive competition in multiple markets and has unveiled a new spending roadmap.