Thousands of people sighed with relief when the gavel came down on Sunday at dawn in the city of Sharm-el-Sheikh and COP27 finally ended, with more than a day and a half of overtime. Amidst tepid clapping, hundreds of exhausted delegates politely welcomed the breakthrough of this year’s summit: the creation of a fund for losses and damages to compensate the nations most affected by the impacts of climate change. “A mission thirty years in the making has been accomplished,” Molwyn Joseph, the Antigua and Barbuda Minister of Environment and chair of AOSIS, said in the closing plenary. "On one hand, [we have] a landmark decision to establish a loss and damage fund to ad
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