Sameh Shoukry, president of the COP27 climate summit, right, talks with others at a closing plenary session at the U.N. Climate Summit, Sunday, Nov. 20, 2022, in Sharm el-Sheikh, Egypt. AP
Despite the praise, there was also disappointment over a failure to push further ambition on cutting emissions in order to keep alive the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels.
Below Ahram Online compiled some of reactions to the COP27 resutls.
UN Secretary-General Antonio Guterres
"This COP has taken an important step towards justice. I welcome the decision to establish a loss and damage fund."
"Clearly, this won't be enough ... To have any hope of keeping to 1.5, we need to massively invest in renewables and end our addiction to fossil fuels."
Egyptian Foreign Minister and COP27 Chair Sameh Shoukry
"My friends, we heard the call and we responded. Today here in Sharm el-Sheikh we established the first ever dedicated fund for loss and damage, a fund that has been so long in the making."
"Millions around the globe can now sense some glimmer of hope that their suffering will finally be addressed appropriately."
Pakistani Prime Minister Shehbaz Sharif
"The establishment of loss & damage fund at the UN climate summit is the first pivotal step towards the goal of climate justice."
Mary Robinson, former president of Ireland and Chair of the Elders
"The historic outcome on loss and damage at COP27 shows international cooperation is possible. Equally, the renewed commitment on the 1.5C global warming limit was a source of relief."
"However, none of this changes the fact that the world remains on the brink of climate catastrophe."
Frans Timmermans, Vice President of the European Commission
"We are already living in a world of 1.2 degrees change that is becoming unlivable for many. The world is watching us, and they will not forgive us if we fail again to prevent the worst."
"What we have in front of us is not enough of a step forward for people and planet. It does not bring enough added efforts for major emitters to increase and accelerate their emissions cuts."
Ani Dasgupta, President and CEO World Resources Institute
"In a historic breakthrough, wealthy nations have finally agreed to create a fund to aid vulnerable countries that are reeling from devastating climate damages."
"This loss and damage fund will be a lifeline for poor families whose houses are destroyed, farmers whose fields are ruined, and islanders forced from their ancestral homes."
Maldives Environment Minister Aminath Shauna
"I want to continue to live in the Maldives. I also want my two-year-old girl to also grow up in the Maldives."
"We are just a metre above sea level. Every fraction of degree in increase in temperature and every millimetre of sea level rise threatens our existence."
"We made it clear over the past two weeks that mitigation ambition (cutting emissions) was a cornerstone of our outcomes here at COP27. I am disheartened we did not get there."
German Foreign Minister Annalena Baerbock
"It is more than frustrating to see overdue steps on mitigation and the phase-out of fossil energies being stonewalled by a number of large emitters and oil producers. The world is losing valuable time to move towards 1.5 degrees."
Alok Sharma, chair of Britain's COP26 presidency
"Emissions peaking before 2025, as the science tells us, is necessary. Not in this text. Clear follow-through on the phase-down of coal. Not in this text. A clear commitment to phase out all fossil fuels. Not in this text. And the energy text, weakened, in the final minutes.
"Each of us will have to explain that, to our citizens, to the world's most vulnerable countries and communities, and ultimately to the children and grandchildren to whom many of us now go home."
French Energy minister Agnes Pannier-Runacher
France on Sunday said it regretted the "lack of ambition" in the agreement reached at the COP27 climate summit in Egypt despite progress on providing funding for vulnerable countries.
"No progress" was made on making additional efforts to reduce greenhouse gas emissions and abandoning fossil fuels, energy minister Agnes Pannier-Runacher said in a statement, regretting a "real disappointment" but welcoming a loss and damage fund for nations vulnerable to climate change.