The most significant takeaways from Sharm el-Sheikh.
It is clear, the main outcome of COP27 is Loss and damage. After 30 years of negotiation, it’s been finally acknowledged – developed countries are responsible for the damaged ecosystems and for suffering of the most vulnerable – developing countries, who don’t have opportunities for resolving crisis happening in their states. Rescuing and rebuilding of the important infrastructure that was lost due to climatic changes are two main objectives of the Loss and damage fund. The other question that is still not resolved, how that fund will be filled with money, where this money will come from.
The other important takeaway that the goal to keep temperatures under 1.5C is still there. Countries leaders haven’t dismissed it despite the difficulties to achieve it.
Boosting low-emissions energy is another decision taken at COP27. In terms that was stated, it can be anything from wind and solar panels to coal-fired power stations fitted with carbon capture and storage.
Climate will change anyway, even if we manage to keep temperatures relatively low. For that, we need to become adapted. Building flood defences, preserving wetlands, restoring mangrove swamps and regrowing forests – these measures, and more, can help countries to become more resilient to the impacts of climate breakdown.