Jos Cozijnsen has been working the climate puzzle for decades -- first by helping to negotiate the Kyoto Protocol and then by helping NGOs like the Environmental Defense Fund craft legal policies with teeth. Today, he offers his take on the year-end climate talks (COP27), which took place last month in Sharm El-Sheikh, Egypt. We discuss the Bridgetown Initiative, the African Carbon Markets Initiative, and the new Loss and Damage Fund -- as well as the bad-faith arguments of those seeking to undermine carbon markets by pretending to make them perfect.