COP27: Inside Climate deal reached in Egypt

After two weeks of intensive conversations around issues of climate change at the 27th United Nations Framework Convention on Climate Change Conference of the Parties (COP27), the Parties have reached a deal.
The deal was reached at the final plenary Sunday morning and is called Sharm el-Sheikh Implementation Plan (SHIP).
It saw parties recommit to keeping the 1.5°C target for global temperature rise intact while significant progress was also made across the board on climate issues.

As part of the SHIP, parties agreed to the establishment of a historic loss and damage fund on climate change after loss and damage was included in the agenda for the first time.

The new fund will see donors contribute to a global fund to save lives and livelihoods from climate change-related disasters.

Speaking during the closing plenary, COP President Sameh Shoukry said: “The work that we’ve managed to do here in the past two weeks, and the results we have together achieved, are a…