The mandate coming from Glasgow does not explicitly require countries to agree on a loss and damage facility it only requires a dialogue to be held. The first session of the “Glasgow Dialogue” on loss and damage will happen at the Bonn meeting. Countries agreed to hold a dialogue on loss and damage that will conclude in June 2024. Last year’s UN Climate Change Conference known as COP26, however, offered a breakthrough. These countries have been dissatisfied with the limited attention such finance has received under the Warsaw Institutional Mechanism for Loss and Damage – an international mechanism that was created under the UN Framework Convention on Climate Change. Mobilizing finance for loss and damage – climate impacts that go beyond what societies can reasonably adapt to – has long been a priority issue for many climate vulnerable nations. Discussing the creation of a loss and damage facility Making progress on the mitigation work program would help to connect the technical work on mitigation ambition and the broader political push needed to enhance pledges. Since the Glasgow decision refers to both “ambition” and “implementation,” negotiators will have the opportunity to examine barriers standing in the way of speeding up implementation of existing pledges as well. The work program has the potential to provide a legal foundation for enhancing climate ambition. By creating this work program, the governing body of the Paris Agreement (the Conference of the Meeting of the Parties to the Paris Agreement “CMA”) has decided to ask countries to revisit their pledges on a more frequent basis than the five-yearly cycle originally envisioned in the Agreement. The injection of urgency into the climate talks follows various studies, most notably the UN Intergovernmental Panel on Climate Change showing the misalignment between national pledges and Paris compliant emissions pathways. In Glasgow, countries agreed to create a work program to scale up mitigation ambition and implementation during this decade. While the difference between the required emissions trajectory for 1.5 degrees and the path implied by national pledges has narrowed over time, the gap in reductions remains major. Increasing mitigation ambitionĪt COP26 in Glasgow, UK, countries were asked to revisit their pledges to reduce carbon emissions ahead of COP27. Ongoing discussions on replicating South Africa’s Just Energy Transition Partnership, scaling up multilateral development bank green financing and considering debt-for-climate swap proposals offer those ‘outside’ opportunities. In addition to the technical ‘inside’ track of negotiations, leaders will have to weave together political processes on the ‘outside’ track to create a robust basis for progress on climate change this year ahead of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt. While the negotiators will tackle a longer list of agenda items, three major items on the technical side of the agenda are particularly noteworthy, including increasing mitigation ambition, kicking off a dialogue on a potential loss and damage facility and elaborating the details for the global goal for adaptation.
In May, UN Secretary-General Antonio Guterres called for a tripling of public and private finance towards renewable energy by at least $4 trillion a year. Even without these headwinds, countries still need to accelerate the pace of mobilizing resources to decarbonize their economies. Russia’s war in Ukraine has led countries to prioritize short-term energy security, such as doubling down on fossil fuel production, over longer-term climate change considerations. The meeting, however, is taking place in the context of the ongoing COVID-19 pandemic, energy security concerns, rising commodity prices and inflation rates around the world and high levels of debt for many low-income countries. Negotiators will focus on laying the groundwork to increase climate ambition and hammering out details to further buttress the Paris Agreement on climate change. Photo by Matthew via Unsplash.įrom June 6-16, climate negotiators will meet in Bonn, Germany for two weeks for the UN Framework Convention on Climate Change intersessional meeting. What to Watch at the Bonn Climate Talks: On the Inside and Outside Tracks Bonn, Germany.
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