Sharm El Sheikh, Egypt, November 20th The twenty-seventh Conference of the Parties to the United Nations Framework Convention on Climate Change (hereinafter referred to as the Convention) (COP27) was held in Canada. After one day and one night, it closed in Sharm El Sheikh, Egypt on the morning of the 20th. The General Assembly has passed dozens of resolutions on the implementation and governance of the Convention, the Kyoto Protocol, and the Paris Agreement, among which the establishment of a loss and damage fund has become a highlight.

Zhao Yingmin, head of the Chinese delegation to the climate change conference and vice minister of the Ministry of Ecology and Environment, said in an interview with Xinhua News Agency after the conference that among the resolutions passed by the conference, Resolution No. 1 is a political achievement of the conference The document reaffirms the adherence to multilateralism and emphasizes the urgency of the climate crisis, which reflects the positive will and action arrangements of all parties to unite to deal with climate change. This conference has made progress on issues of adaptation, finance, and loss and damage, which are of great concern to developing countries. Among them, the establishment of a loss and damage fund has become a highlight, and the General Assembly also decided to initiate the establishment of a global adaptation target framework.

However, at this conference, the developed countries showed a negative attitude on issues such as providing financial and technical support to developing countries. The US$100 billion annual financial support promised by developed countries has not yet been realized, and there is no clear funding arrangement for doubling adaptation funds. Zhao Yingmin said that he hopes that developed countries will take more action, less talk, more cooperation and less conflict, and work together with the international community to move towards a common future of climate sustainability.

UN Secretary-General Guterres welcomed the establishment of the Loss and Damage Fund in a video statement issued after the conference. While that alone is not enough to solve the climate crisis, it shows that trust is being rebuilt, he said.

Guterres said: “We need to go all out to advance justice and ambition.”