This has become, sadly, a yearly ritual by now. The world’s governments gather together to discuss what should be done about global warming, and finish their time together by issuing statements of concern while doing little concrete to actually solve the problem. And so it is with COP27. The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change, to use the formal name for COP27, ended with what has the appearance of a breakthrough: An agreement on the establishment of a “loss and damage” fund for Global South countries severely affected by weather and environmental disasters triggered by global warming, and for which they bear almost no responsibility. This finally fulfills a pledge made at the 2009 Climate Summit in Copenhagen.