<p>Negotiations at COP27 revolved around the remaining prospects of avoiding a global temperature&nbsp; increase of 1.5&deg;C; the provision of climate finance to assist developing countries to mitigate and adapt; and the establishment of new funding to compensate vulnerable countries for loss and damage.</p>

<p>Carbon markets also saw action, with decisions on Internationally Transferred Mitigation Outcomes (ITMOs) and the establishment of a new carbon credit: a Mitigation Contribution Emission Reduction (MCER). What will be the overall impacts of these COP27 outcomes? What further key agenda items have emerged, and what work remains in the run-up to COP28?</p>
