COP27 winners and losers

COP27 Winners & Losers | GZERO Media

World leaders and climate warriors will soon be departing from the Egyptian resort city of Sharm El-Sheikh, closing out this year’s COP27 climate summit. So what have been the key takeaways from the event?

Eurasia Group’s Franck Gbaguidi sat down with climate expert Alessandro Vitelli to reflect on the central themes they encountered at COP27. For Gbaguidi, it was all about accountability. There was a “focus on breaking down the data, breaking down the figures, giving some of the timeline and checking intermediate milestones,” he said. And because this year’s COP was all about implementing earlier agreements, Vitelli explained, much of the talk focused on process, legalese, and new tech solutions.

Many headlines have also focused on the “loss and damage” issue with developing countries demanding that wealthier nations — those that have contributed the most to climate change — pay countries struggling in the face of environmental disasters. Progress on that front “has been slow … but at least it's in the agenda and that means that this conversation is really top of mind for everyone,” Ggabuidi said. While the talks carried on past Friday’s deadline, little is likely to be accomplished by the end of this year’s summit. But moving forward, Ggabuidi added, “I think it will be revisited in later COPs probably with bigger announcements in terms of facilities and pledges.”

More from GZERO Media

People celebrate after President Yoon Suk-yeol's impeachment was accepted, near the Constitutional Court in Seoul, South Korea, on April 4, 2025.
REUTERS/Kim Hong-ji

South Korea’s Constitutional Court on Friday voted unanimously to oust impeached President Yoon Suk-yeol over his decision to declare martial law in December. Supporters of Yoon who gathered near the presidential residence in Seoul reportedly cried out in disappointment as the court’s 8-0 decision was announced. Others cheered the ruling. The center-right leader is now the second South Korean president to be ousted.

President Donald Trump speaks to the media as he leaves the White House for a trip to Florida on April 3, 2025.
Andrew Leyden/NurPhoto via Reuters

Stocks have plummeted, layoffs have begun, and confusion has metastasized about the bizarre method the United States used to calculate its tariff formula. But Donald Trump says it’s “going very well."

African National Congress (ANC) members of parliament react after South African lawmakers passed the budget's fiscal framework in Cape Town, South Africa, April 2, 2025.
REUTERS/Esa Alexander

The second largest party in South Africa’s coalition, the business-friendly Democratic Alliance, launched a legal challenge on Thursday to block a 0.5% VAT increase in the country’s new budget, raising concerns that the fragile government could collapse.

The Israeli Air Force launched an airstrike on Thursday, targeting a building in the Mashrou Dummar area of Damascus. Israeli Defense Minister Yoav Gallant confirmed Israel's responsibility for the attack, which resulted in one fatality.
Rami Alsayed via Reuters Connect

As we wrote in February, Turkey’s president, Recep Tayyip Erdogan, has big plans for Syria. Erdogan’s government was a crucial backer of the HTS militia, an Islamist rebel group that ousted longtime Syrian strongman Bashar Assad in December, and it now wants Turkey’s military to take over some air bases on Syrian territory in exchange for Turkish training of Syria’s new army.

A man leaves the U.S. headquarters of the social media company TikTok in Culver City, California, U.S. January 17, 2025.
REUTERS/David Swanson

Remember the TikTok ban? The new deadline President Donald Trump set for the app to find an American buyer or be banned from US app stores, midnight Saturday, is rapidly approaching.