Bonn Climate Talks
The 60th Session of the United Nations Framework Convention on Climate Change (UNFCCC) Subsidiary Bodies, known as the Bonn Climate Change Conference, concluded recently ( 3rd-13th June, 2024) in Bonn, Germany.
- These talks are a crucial mid-point between COP28 in Dubai and the upcoming COP29 in Azerbaijan later this year.
Key Deliberations
Climate Finance
- Enormous Financial Needs: Developing countries need at least $2.4 trillion annually to transition from fossil fuels by 2030, yet the investment required remains largely unmet.
- Shift in Focus: Rich countries want more private sector involvement and innovative financing methods, such as carbon markets and taxes on fossil ....
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