‘UN climate talks at Bonn must be ambitious’

Bonn talks

Rama Krishna Sangem

In the global negotiations on climate change, this will be the year of climate finance – a year when the world will try and agree to what is being called the ‘new collective quantified goal’ for climate finance, the prime agenda at the 29th Conference of Parties (CoP) to be held later this year. And the Bonn climate talks, scheduled to begin on June 3, are expected to lead up to that goal,” says Avantika Goswami, Programme Manager, Climate Change, Centre for Science and Environment (CSE).

Goswami was speaking at a live online talk show organised by CSE today. Countries that are signatories to the United Nations Framework Convention on Climate Change (UNFCCC) will be convening in Bonn, Germany for the mid-year climate conference, also known as the 60th meeting of the Subsidiary Bodies (SB60), from June 3-13, 2024. SB60 serves as a midpoint in the journey from the 28th CoP in Dubai to CoP29 in Azerbaijan.

 

On climate finance

The latest round of discussions on the New Collective Quantified Goal (NCQG) at Cartagena in April ended with clear divergence between the developed and developing country groups. “Developing countries highlighted the ‘disabling’ environment that prevents access to climate finance, such as high costs of capital for low-carbon transitions, high debt burdens, and existing imbalance in geographical concentration of climate finance. Developed countries called for an expansion of the contributor base, and some even suggested that the NCQG may be “voluntary” for contributors”, says Sehr Raheja, Programme Officer, Climate Change at CSE.

Discussions are expected to continue in Bonn where the effort would be to converge on these issues. The goal is the preparation of the draft negotiating text that will then be debated at CoP29. Raheja points out that “it is crucial that developing countries remain united and clear in their demands for an ambitious quantum of money in line with needs, clear sub-goals for various climate purposes, and a focus on non-debt creating finance flows”.

 

On the Global Stocktake

SB60 will convene the first Annual Global Stocktake (GST) Dialogue. CoP28 had ended on a hopeful note, with the first ever GST – an assessment of the progress of countries towards the Paris Agreement’s goals – raising a call for countries to “transition away from fossil fuels”. Explains Goswami: “The GST Dialogue would aim to facilitate exchange of best practices and learnings on how the outcomes of the GST are informing the Nationally Determined Contributions (NDCs) of countries.”

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at excelindiaweb123@gmail.com