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COP27

From landmark fund to emissions frustrations: 5 takeaways from COP27

World's biggest climate conference went deep into overtime

Ministers deliver statements during the closing plenary at the COP27 climate summit in Egypt on Nov. 20.   © Reuters

SHARM EL-SHEIKH, Egypt/TOKYO -- The COP27 climate conference finally wrapped up on Sunday after running well beyond its Friday deadline, ending an intense two weeks of debate, negotiations -- and compromise.

An agreement to set up a "loss and damage" fund to support poorer nations ravaged by climate disasters was hailed as historic by many, but a lack of ambition in cutting emissions sparked strong criticism from some delegates at the event in the Egyptian seaside resort of Sharm el-Sheikh.

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