Bonn Summit Key Test Ahead of UN Meet

The Bonn Climate Change Conference, the meeting that serves as a midway point between the larger annual UN Climate Change meeting (COP30), is set to open on Monday and will continue till June 26.

- Jayashree Nandi

NEW DELHI:

The Bonn meeting is critical to thrash out differences before the parties meet in November for a climate deal, which will take place amid severe geopolitical turmoil and renewed tensions as Israel strikes Iran. The shadow of failed climate finance talks at COP29, Baku, also shrouds these meetings. There are divergent views on the Baku to Belem road map to 1.3T, which is expected to be finalized at COP30 in Brazil this November.

For example, according to an analysis made by the Centre for Science and Environment (CSE), G77 and China demand that equity and Common but Differentiated Responsibilities (CBDR) must be at the core of climate finance, and developing countries must be allowed to use self-determined pathways to use finance; the Like Minded Developing Countries (LMDC), another coalition of developing nations, has sought exclusion of international taxes, levies and debt approaches as they violate sovereignty.

HT reported on June 3 that India has put forth its expectations, stating that without sufficient climate finance, even proposed nationally determined contributions will not materialize, leave alone any ambitious future NDCs. India has said climate finance should flow from developed countries to developing countries, and that public capital should be used strategically to crowd in private investments for climate action, pointing out that excessive borrowing poses risks to a country's fiscal stability.