NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

In the end, the recent shenanigans at the Cop27 meeting in Sharm el-Sheikh at least ended up making modest progress on loss and damage: high-emissions nations agreeing to pay those countries bearing the brunt of climate mayhem that they had little to do with bringing about.

But, yet again, there was no commitment to cutting the emissions accelerating this crisis, without which this agreement is nothing more – as one delegate commented – than a “down-payment on disaster”. No seasoned observers are of the opinion that the world is any nearer tackling the climate emergency. Indeed, the real legacy of Cop27 could well be exposing the climate summit for what it has become, a bloated travelling circus that sets up once a year, and from which little but words ever emerge.