On November 20, 2022, Minister of Climate and Environment Espen Barth Eide stated that he was pleased with the outcomes of COP27, the UN Conference of the Parties (COP).
Barth Eide, who took part in the final discussions on COP 27, said that there was a need for a positive outcome from the climate summit. The aim of the agreement was to strengthen and carry forward the positive results from Glasgow.
Barth Eide says that the two most important outcomes from the COP agreement were world leaders' commitment to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels and the creation of a specific fund for loss and damage.
While negotiators agreed to establish a fund for loss and damage, sources of funding will continue to be discussed. For Norway, it was important to ensure that the new fund will consist of funding from a wide range of sources (both private and public sources) and that both traditional inland and emerging states will contribute.
However, Barth Eide said Norway would have liked to see greater progress on concrete measures for emission reductions before 2025. Neither the proposal to phase out fossil energy sources without carbon capture and storage, nor a proposal that emissions should reach a peak in 2025, received sufficient support from other countries.
Several Norwegian environmental organizations expressed their disappointment with the COP 27 agreement, especially the lack of real progress on emissions reduction strategies. The Norwegian Forum for Development and Environment (ForUM), which was present at COP, was very critical of countries' failure to agree on stronger wording to cut emissions. Another environmental organization, Bellona, stated that the new climate agreement was a necessary step, but criticized the agreement's vagueness on many topics.