Cipher News’ Post

The #Bonn Climate conference has so far seen little progress, especially towards setting a new climate finance goal, which is crucial for developing countries that are most vulnerable to climate impacts. The whole point of Bonn is to identify a possible landing ground ahead of #COP29 in November, say experts. This seems unlikely given the lack of any major breakthroughs at Bonn. https://lnkd.in/dVeccNhU

Lammy and Ed Miliband, secretary of state for energy and net zero, will announce the appointment on Wednesday at New York climate week, where they are hosting an event on building a global clean power alliance. Miliband will hold discussions with other governments on the need for vastly increased pledges of climate finance to the developing world. Poor countries want assurances that they will receive at least $1tn a year in assistance to help them cut greenhouse gas emissions and cope with the impacts of climate breakdown. Climate finance will be the main topic of what are expected to be fraught discussions at the next UN climate summit, Cop29, in Azerbaijan. Miliband will lead the UK’s negotiations himself, in contrast with the previous government, in which it was left to junior ministers.

The Bonn Climate Conference is underway, offering a crucial opportunity for further discussions on climate finance ahead of #COP29. When it comes to climate change, the buck stops with the financial flows that are fuelling the crisis. It’s absurd that so much of the world’s money is still being poured into the causes of climate change. #FixTheFinance https://lnkd.in/eeYapC_C

Climate Finance: Key Considerations Ahead of COP29 As the world grapples with the escalating impacts of climate change, the question of climate finance—how much is needed and who will pay for it—takes center stage ahead of COP29, the 2024 United Nations Climate Change Conference. Set to be held in Azerbaijan this November, COP29 will convene nearly... [...] #Climate #COP29 Read more... https://lnkd.in/dd-9BvXC

Insightful article … “For Azerbaijan to bring about a successful Cop that solves the key questions of climate finance and brings trillions of dollars to the developing world to make the necessary green transition would be an extraordinary achievement.”

🍃The Bonn Climate Change Conference, a pivotal event in the lead-up to #COP29, concluded after two weeks of rigorous discussions and negotiations with notable outcomes emerging. ➡️ Draft decision on the New Collective Quantified Goal on Climate Finance nearly finalized. ➡️ Forward-looking, scientifically sound adaptation indicators developed. ➡️ Enhancements to the international carbon market and transparency in action plans. ➡️ Progress in climate finance and adaptation, though more is needed. ➡️ Focus on marine biodiversity, coastal resilience, and ocean energy technologies during the Ocean and Climate Change Dialogue. 🖱Read more🔗 https://lnkd.in/ebnFPiBv

Climate Finance: Key Considerations Ahead of COP29 As the world grapples with the escalating impacts of climate change, the question of climate finance—how much is needed and who will pay for it—takes center stage ahead of COP29,… #Climate #COP29 >>> Read more

The new collective quantified goal on climate finance is set to be agreed this year at COP29 in Baku.This goal will supersede the US$100 billion target agreed in 2009 and should be informed by the needs and priorities of developing countries. https://lnkd.in/dXukV4st

Key Takeaways From the Bonn UN Climate Talks Learn more about the new Climate Policy Initiative >> https://lnkd.in/gf5iweqB The stage is set for critical decisions at the upcoming COP29 in Baku, Azerbaijan. #cop29 #carbonpricing #carbonscapture #carbonoffsets #carboncredits #carbonmarkets #carbonnews #carbonprices #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #netzero

Bonn climate talks: Key outcomes from the June 2024 UN climate conference Carbon Brief did a detailed overview of what transpired at the just-concluded Bonn climate talks. Spare a few minutes to familiarize yourself with what happened on matters; - Climate finance - Loss and damage - Adaptation - Mitigation - Just Transition - Article 6 - Global stocktake, NDCs and ambition - Road to COP29 Here is the link to the detailed overview -----