
United Nations (UN) Secretary-General António Guterres opened the COP27 Climate Change Conference in Egypt with a chilling message about climate change: “Humanity has a choice: cooperate or perish.”
The summit, held in November 2022, resulted in a package of outcomes which – despite global financial turmoil and geopolitical divergences – kept alive the Paris goal of limiting global warming to 1.5°C.
Significantly, the negotiations closed with a groundbreaking decision to establish loss and damage funding for vulnerable countries blindsided by the devastating impact of climate change.