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Conclusion of the COP27 climate summit

06.12.2022

In the early hours of Sunday 20th November 2022, the UNFCCC COP27 climate conference came to an end in Sharm el-Sheikh, Egypt. Polish delegation was actively involved in agreeing the outcome of the summit until the last moments.

Conclusion of the COP27 climate summit

Representatives of all countries of the world agreed on the content of 60 decisions implementing the provisions of the Climate Convention, the Kyoto Protocol and the Paris Agreement. For many countries, the most important outcome was the establishment of a new fund to finance the loss and damage caused by climate change in the most vulnerable developing countries. Sources of funding for this fund will only be determined in the coming years, but should include - in addition to traditional donors from the world's richest countries - innovative financing, such as from international development banks and even private funds.

The most important for Poland was a package of measures to stimulate action to reduce climate change, such as a call for those countries that - unlike the European Union - have not yet done so, to update their reduction targets, or a programme of work on mitigation, dedicated to finding and disseminating climate solutions. Poland also supported the inclusion of the role of forests and the preservation of biodiversity in the fight against climate change.

This year's conference took place in the shadow of the war in Ukraine, and the energy and food crisis it caused. For the first time, there were such extensive calls in the final outcomes to accelerate the energy transition using both renewable energy sources and other non-carbon technologies. Furthermore, recognising the need to take into account the social dimension of climate policy, COP27 established a programme of work on a just transition, with an annual ministerial roundtable concerning the issue. It was Poland that initiated the global reflection on just transition at COP24 in Katowice, where the Silesian Declaration on Solidarity and Just Transition was adopted.

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