For more than two weeks, the 27th Climate Conference lasted in Sharm el-Sheikh, which should have ended on November 18. However, on Saturday, November 19, the participants of the Summit still continued to argue on most points of the final decision.

Numerous informal consultations and discussions were held in groups, between negotiating groups and with the participation of the President of the COP27 to address the most sensitive issues of this year's conference. The main " sticking points", which were discussed until late Saturday night, were as follows:

- financing of losses and damages to countries suffering from climate change;

- creation of a program to increase ambitions to reduce greenhouse gas emissions;

- implementation of a global adaptation goal.

The final session of approval of documents and closing of the conference started with a significant delay - at 4 am on November 20 - when a significant number of participants from different countries had already left the conference.

The outcome of the COP27 was the following decisions:

- The mechanism for establishing a fund to finance losses and damages from climate change was agreed. Now the parties approved the establishment of a committee that will work out the technical aspects of the fund. The fund itself will be established at the COP28 next year. It will provide support to the countries most vulnerable to climate change.

- Significant progress has been made on climate change adaptation. This year, the countries agreed on the ways and directions of further cooperation. It should result in the adoption of a global adaptation goal at COP28. The UN Finance Committee was invited to consider the possibility and prepare a report on doubling the financing of climate change adaptation measures by COP28.

- With considerable debate and controversy, the creation of a program to increase the ambition to reduce greenhouse gas emissions was agreed. The programme will run until 2026. It will include thematic activities to identify gaps in countries' climate policies and develop further steps in these areas.

27 Climate Summit in Sharm el-Sheikh gathered about 45,000 participants from all over the world, including, in addition to the formal negotiating group of participants, representatives of governments, cities, non-governmental organizations, scientists, youth and business. They presented their achievements, exchanged experiences and ambitious plans, and created partnerships to implement common climate goals.

It should be recalled that Minister of Environmental Protection and Natural Resources Ruslan Strilets on the sidelines of the COP27 Climate Summit called on international partners to support Ukraine's initiative to launch the Global Platform for Assessing Environmental Damage from War.

This year Ukraine also had its national pavilion for the first time, where 30 events were held during the COP27. Over 4,500 participants visited the pavilion during 2 weeks of the conference. Among them were John Kerry, Special Presidential Envoy for Climate, Samantha Power, American diplomat and political scientist, Administrator of the United States Agency for International Development (USAID), Nancy Pelosi, Speaker of the House of Representatives of the United States Congress, Alok Sharma, President of COP26, and other high-ranking officials and representatives of delegations from all continents of the world, journalists, scientists and representatives of international and non-governmental organizations.