The COP27 climate agreement in Sharm el-Sheikh, Egypt, has been a disappointment for the European Union, said European Commissioner and Vice-President Frans Timmermans. Countries reached agreement at the UN Climate Summit about a day and a half after the summit was supposed to end. With the final agreement reached, COP27 is effectively over.
During the extension of the Climate Summit, some 200 countries still had to reach agreement on many points. It was ultimately successful, but the EU considers the results unsatisfactory, Timmermans said.
At the United Nations Climate Summit, about 200 countries agreed to establish a Climate Damage Fund. It aims to compensate developing countries for damages caused by climate change. But last year’s climate summit in Glasgow had already reached nearly the same agreement, which various parties called a disappointing outcome.
Dutch climate minister Rob Jetten also said Sunday morning that he was disappointed with the results achieved at the UN climate summit. “In a year of many extreme weather events and alarming climate reports, we were unable to make significant progress in reducing CO2 in all high-emitting countries. This is very disappointing.”
At the same time, the Minister said a breakthrough had been achieved on the topic of climate damage. “This is very important for vulnerable countries already experiencing this, which often do not contribute much to climate change itself. This step will help restore trust between the North and South of the world. It is our approach to climate.”
Timmermans remains critical, believing that “the deal is just a step forward.” Dutchman said too many countries are afraid to make the necessary efforts to mitigate climate change and are asking participating countries to recognize that the agreement is insufficient.