As COP27 came to an end in the early hours of Sunday morning, delegates from developed countries were bitterly disappointed at the lack of willingness from developing countries to increase emissions reductions or phase down fossil fuels. NGOs lamented the weak language on fossil fuels but celebrated the COP27 outcome for its landmark establishment of a loss and damage fund for those affected by climate change.
EU climate chief Frans Timmermans told delegates in the early hours of Sunday morning that the EU had to “regretfully” sign up to the COP27 outcome rather than go through with its threat of walking away, because if it did that, it could kill the chances of ever having a loss and damage fund.
Teresa Anderson from the NGO ActionAid talked to Energy Monitor right after the talks concluded. “It was absolutely right that the EU allowed this process to go through,” she said. “We have been asking for 30 years for the UN climate talks to help people harmed by climate change. This may have been our last best chance of getting this over [the line], so we had to make it happen.
“But we will be keeping the pressure up on the issue of fossil fuels.” For NGOs like ActionAid the COP27 outcome brought “a huge sense of relief” that there would be finally be a fund to help people on the front lines of climate change but also increased watchfulness at the number of fossil fuel deals happening in parallel to the conference.
Beyond NGOs on the COP27 outcome:
Reporter Nour Ghantous and senior writer Dave Keating are reporting from COP27 in Sharm El Sheikh, Egypt, on behalf of Energy Monitor and our parent company, GlobalData. They are providing the data-led analysis you have come to expect from Energy Monitor but also something new: video interviews with business leaders, policymakers and campaigners. We encourage you to return often to our Energy Monitor home page for updates from the conference. You can also sign up for our free biweekly newsletter here.
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Other recent COP27 coverage includes:
Opinion: COP27 concludes with loss and damage fund but no increased mitigation ambition, by Dave Keating (21 November)
COP27: “We need stable supply chains for the development of renewables”, by Dave Keating (18 November)
COP27: Should the energy crisis make the world re-evaluate the feasibility of a coal phase-out?, by Dave Keating (18 November)
Opinion: EU’s new 57% target is more about communication than increased ambition, by Dave Keating (18 November)
COP27: Indigenous leader warns against leaving out ancestral knowledge, by Nour Ghantous (18 November)
COP27: “Key decision-makers are presenting decarbonisation as something expensive and difficult”, by Dave Keating (17 November)
Too few rules on fossil fuels? The limitations of Mark Carney’s GFANZ alliance, by Polly Bindman (17 November)
Carbon markets at COP27: What’s holding up negotiations on Article 6?, by Nour Ghantous (17 November)
COP27: The underdogs did most of the work in week one. Now what?, by Nour Ghantous (16 November)
What do companies need from COP27?, by Dave Keating (16 November)
COP 27: Warsaw’s mayor has come with a very different message than the Polish government, by Dave Keating (16 November)
The interwoven fortunes of carbon markets and indigenous communities, by Oliver Gordon (16 November)
COP27: Deep geothermal “superhot rock energy” could be key to climate action, by Dave Keating (16 November)
One year on, is coal being consigned to history?, by Dave Keating (15 November)
COP27: Cities are essential in the climate fight, says former Lord Mayor of Dublin, by Dave Keating (14 November)
COP27: “Green hydrogen is one of the bright spots of this COP” – Jonas Moberg, CEO of GH2, by Nour Ghantous (14 November)
COP27: Ukraine energy company DTEK maintains net-zero goal, by Nour Ghantous (14 November)
Opinion: COP27 comes after a year of unfulfilled COP26 promises, by Nick Ferris (11 November)
COP27: Data science can strengthen climate action, by Nour Ghantous (11 November)
COP27: Alpine Group proffers recycled textiles to combat climate, by Nour Ghantous (10 November)
Why the financial odds are stacked against developing countries, by Isabeau van Halm and Polly Bindman (9 November)
COP27: International Labour Organization wants to see a just transition “actually implemented”, by Nour Ghantous (9 November)
COP27 take note: Climate tech funding has soared in 2022, by Eric Johansson (9 November)
COP27: How countries compare on carbon emissions and pledges, by Nick Ferris (7 November)
COP27: Mattie Yeta, CGI’s chief sustainability officer, on the first-ever ‘metaverse COP’, by Nour Ghantous (7 November)
Which countries are already at net zero?, by Nick Ferris (25 October)
COP27: Manage your expectations, by Nour Ghantous (21 September)