TODAY'S EDITORIAL: COP27's disappointing results
ALTHOUGH the participants in the grandiosely named 27th Conference of Parties to the United Nations Framework Convention on Climate Change, more commonly known as COP27, tried to spin the outcomes of the annual global climate summit as a breakthrough, the general consensus, particularly among climate-vulnerable countries, is that they fell far short of expectations.
On the first item, COP27 completely failed, producing only a statement reaffirming an earlier global commitment agreed at last year's COP26 in Scotland to gradually phase out the use of coal. However, after marathon negotiations that extended the conference beyond its scheduled closing date last Friday, an agreement was reached on the matter of compensation, which was promptly hailed by COP27 participants as 'historic,' and 'a breakthrough.
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