This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as partly cloudy.
The glyph is not a composition. Its East Asian Width is wide. In bidirectional text it acts as Other Neutral. When changing direction it is not mirrored. U+26C5 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “sun behind cloud” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: cloud, sun.
This character is designated as an emoji. It will be rendered as colorful emoji on conforming platforms. To reduce it to a monochrome character, you can combine it with Variation Selector-15: ⛅︎ See the Emojipedia for more details on this character’s emoji properties.
The Wikipedia has the following information about this codepoint:
Cloud cover (also known as cloudiness, cloudage, or cloud amount) refers to the fraction of the sky obscured by clouds on average when observed from a particular location. Okta is the usual unit for measurement of the cloud cover. The cloud cover is correlated to the sunshine duration as the least cloudy locales are the sunniest ones while the cloudiest areas are the least sunny places, as clouds can block sunlight, especially at sunrise and sunset where sunlight is already limited.
The global cloud cover averages around 67-68%, though it ranges from 56% to 73% depending on the minimum optical depth considered (lower when optical depth is large, and higher when it is low, such that subvisible cirrus clouds are counted). Average cloud cover is around 72% over the oceans, with low seasonal variation, and about 55% above land, with significant seasonal variation.