On 20 November, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), that took place in the Egyptian coastal city of Sharm el-Sheikh, concluded with a historic decision to establish and operationalize a loss and damage fund.

Welcoming the decision and calling the fund essential, UN Secretary-General António Guterres said that more needs to be done to drastically reduce emissions now. “The world still needs a giant leap on climate ambition.” “The red line we must not cross is the line that takes our planet over the 1.5-degree temperature limit,” he stressed, urging the world not to relent “in the fight for climate justice and climate ambition.”  “We can and must win this battle for our lives,” he concluded.

From 6 to 20 November, COP27 held high-level and side events, key negotiations, and press conferences, hosting more than 100 Heads of State and Governments, over 35,000 participants and numerous pavilions showcasing climate action around the world and across different sectors.

But calling it a COP of implementation question the previous twenty-six conferences that were held focusing climate ambition. However, this COP has brought us some wonderful outcomes. COP27 closed with a breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters.

“This outcome moves us forward,” said Simon Stiell, UN Climate Change Executive Secretary. “We have determined a way forward on a decades-long conversation on funding for loss and damage – deliberating over how we address the impacts on communities whose lives and livelihoods have been ruined by the very worst impacts of climate change.”

About the Author: About the Author: Maryam Eqan is an Executive In-chief and Founder of The Earth Needs Love. She believes in youth engagement and activism for environment, climate, and sustainable development.