What about the impact of COP27 on marine biodiversity and corals?

Excerpt from Coral Guardians:

Every year, the United Nations holds a two-week conference (COP, as Conference of the Parties) aimed specifically at taking stock of global progress made towards climate change mitigation, creating new frameworks to deal with impacts, adaptation, and finance, as well as setting the next set of targets for governments to reach. After two weeks of negotiations on key topics, COP concludes with a statement, and sometimes a major agreement on climate action (Paris Agreement, COP21), or the creation of a new tool (Warsaw Mechanism, COP19).

This year’s summit, COP27, was held in Sharm el-Sheikh in Egypt, between the 6th and 18th of November, and was expected to yield movement on environmental conservation and climate finance. Oceans and forests were of particular interest following developments at COP26 in Glasgow the previous year, while a resolution on climate finance – especially Loss & Damage – could open the door for investment into nature-based solutions and economic development tied to environmental protection. For island nations and coastal communities, this is represented by the development of the Blue Economy, or marine-based financial gain through active conservation and maximization of local resources – such as coral reefs and their wide range of ecosystem services.

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