From landmark fund to emissions frustrations: 5 takeaways from COP27

World's biggest climate conference went deep into overtime

20221121 COP summit

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

SAYUMI TAKE and RHYANNON BARTLETT-IMADEGAWA, Nikkei staff writers

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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