The Bonn Climate Change Conference concluded today after two weeks of negotiations.
“We’ve taken modest steps forward here in Bonn,” said UN Climate Change Executive Secretary Simon Stiell in his closing speech.
“[But] too many items are still on the table . . . We’ve left ourselves with a very steep mountain to climb to achieve ambitious outcomes in Baku.”
Progress was made in areas including the New Collective Quantified Goal on Climate Finance, adaptation indicators, international carbon markets, and transparency in climate action planning.
Climate negotiators make progress but more work ahead of COP29
Parties worked on developing a framework for the New Collective Quantified Goal on climate finance.
Stiell noted the need for progress on climate finance outside the UNFCCC process, stating, “Advanced economies have multiple levers to pull, including as shareholders in development banks.”
Steps were taken towards establishing adaptation indicators for the Global Goal on Adaptation.
UN Climate Change is urging parties to develop National Adaptation Plans by 2025 and implement them by 2030.
Delegates made progress on technical aspects of Article 6, concerning international carbon markets. Further work is planned before COP29 to finalise recommendations on methodologies and emission removals.
The conference also emphasised the importance of Biennial Transparency Reports, with the incoming COP Presidency requesting submissions ahead of COP29 in Baku.
Parties are required to deliver their next round of Nationally Determined Contributions early next year, aligned with the 1.5°C limit and covering all sectors and greenhouse gases.
Other topics discussed included gender-responsive financing, ocean and climate change, youth engagement, and loss and damage.
The conference sets the stage for COP29, scheduled for November 11 to 22, 2024 in Baku, Azerbaijan. Stiell’s closing remarks highlight the need for accelerated progress in the lead-up to this crucial meeting.
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