The two biggest climate announcements this week have come from the G20 summit in Bali, not COP27. The US and China agree to re-start climate discussions and the US is expected to announce a $15 billion package for Indonesia to cut its reliance on coal.
As for COP 27 - it has been marked by unresolved agreements. It should be aiming for: 1. keeping the 1.5°C target alive, 2. a robust Global Adaptation Goal, 3. catering for loss and damage funding (see article) and 4. the transformation of the world financial system. Watch this space...