The climate summit, in the Egyptian resort area of Sharm el-Sheikh, ended two days later than scheduled, with the creation of the "loss and damage fund" coming after a manic two days of negotiations ended the two-week summit. The details of contributions to the fund and disbursements from it have yet to be worked out. Also, many pointed out that the COP27 attendees came to no agreement on a reduction in the production of fossil fuels.

The summit began on November 6 and featured a large number of high-level meetings, press conferences, and negotiation sessions, featuring more than 100 heads of state and government and more than 45,000 participants overall.

• The establishment of a $3.1 billion plan to develop early warning systems across the globe.
• The launch of a G7-backed plan to provide monetary help to countries damaged by climate disasters.
• The promise by Indonesia to abandon coal as an energy source, instead focusing on clearner forms of energy.

Officially, the meeting was the Conference of Parties under the United Nations Framework Convention on Climate Change. The UNFCCC began in 1994 and now numbers 198 signatory countries. The first COP meeting took place in Kyoto, Japan, in 1997. The next meeting will be in 2023 in the United Arab Emirates.