Bonn Climate Change Conference
It was organized to set the agenda and prepare for the proposed COP 28 meeting in Dubai.
Key discussions during the meeting:
- During this, a draft framework for Global Stocktake was released. It is a process whose purpose is to assess the progress of countries against climate change.
- Also, it will determine the ways and means to advance global action against climate change.
- The first Global Stocktake will be released at COP 28 as per the 2015 Paris Agreement.
Mitigation Work Program (MWP):
- It was launched in 2021 at COP 26 held in Glasgow. It aims to focus on cutting emissions to advance action against climate change.
- Developing countries complain that developed countries have not yet transferred the finance and technology to meet their emissions targets.
Loss and Damage Principle:
It was adopted at COP 27. There is a difference of opinion between developed and Developing Countries on how to finance under this principle.
The New Collective Quantified Goal (NCQG)
- The New Collective Quantified Targets (NCQG) were adopted at the Paris Climate Conference, 2015. Under this, climate finance was agreed before 2025. However, there is every possibility of NCQG missing its target.
- Developed countries have not agreed to implement the NCQG. They have called for a review to declare it as a collective goal for all developed and developing countries.
Source – Down To Earth
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