The Bonn climate conference, the first technical meeting since the adoption of the Katowice rulebook, concluded yesterday after two weeks of negotiations. The session focused on the remaining rules and procedures for the effective functioning of the Paris Agreement, in particular for international carbon markets.
A key topic at the talks was the framework for international carbon markets, which can be a valuable tool to help coordinate efforts to reduce greenhouse gas emissions between countries. Robust rules are needed to ensure that international carbon markets operate without ‘double counting’ of emissions reductions and deliver credible results. The discussions in Bonn deepened Parties’ understanding of the issues at hand, but further work is needed to conclude this final chapter of the Katowice rulebook.
The conference also agreed on a review of the Warsaw International Mechanism on Loss and Damage - a body mandated to encourage action in support of Parties impacted by slow onset and extreme weather events – how vulnerable communities can prepare and recover from climate related impacts. The results of the review will be presented at COP25.
Progress was also achieved in the design of detailed reporting formats for the Paris Agreement’s enhanced transparency framework, designed to hold all Parties equally accountable for implementing their commitments.
Alongside the formal negotiations, the session was an opportunity for Parties and non-Party stakeholders to share experience and exchange views on progress made in implementing the Paris Agreement .
A side event co-hosted by the EU delegation explored how all parts of society can get involved in preparing long-term strategies for a low-emission, climate-resilient future, with the European Commission presenting its vision for a climate neutral Europe by 2050 and country representatives, businesses, trade unions and civil society sharing their experience.
The UN negotiations took place from 17 to 27 June in Bonn, Germany, ahead of the UN Secretary-General’s Climate Action Summit to be held on 23 September in New York and the next UN climate conference (COP25) on 2-13 December in Santiago, Chile.