Summary
Almost 200 countries strike a landmark deal to launch a fund to support nations worst-hit by climate change
Poor countries had been pushing for 30 years for rich countries to help foot the bill for “loss and damage” caused by global warming
But critics say the COP27 UN summit in Egypt did not go far enough on cutting the emissions that cause climate change
UN Secretary General António Guterres says it did not address the need for drastic reductions and the planet is still “in the emergency room”
The UK’s negotiator says he is “incredibly disappointed” the summit did not go further
The overarching agreement from COP27 maintains the commitment to limit global warming to 1.5C above pre-industrial levels
The UN says breaching this threshold would expose millions more people to potentially devastating climate impacts
But experts say current policies set us on track for a rise of about 2.7C