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The World Bank and International Monetary Fund (IMF) held their spring meetings last week in Washington DC – a key event in a critical year for international climate finance.

As the two so-called Bretton Woods institutions mark their 80-year anniversary, they are under growing pressure to reform and deal with the “polycrisis” enveloping the world.

Many developing nations are struggling with growing food insecurity, income inequality and massive debts that are taking up much of their resources.

All of this is making it harder than ever for them to invest in low-carbon energy or prepare their citizens for the growing threat of climate change. At the same time, some wealthy countries have been scaling back their foreign-aid spending.

While the two financial institutions are undergoing reforms, including changes designed to help them tackle climate change, progress so far has been slow. 

Developed countries pledged $11bn at the spring meetings to help boost the World Bank’s lending capacity. However, calls for new funds and debt relief for the world’s poorest countries remained largely unanswered.

In this Q&A, Carbon Brief explains the key outcomes from the spring meetings. The Q&A also looks ahead to the COP29 climate summit in Azerbaijan, where countries are due to agree on a new climate finance target

Why are the World Bank and IMF spring meetings important for climate action?

Developing countries need large sums of money to address the climate and development challenges that they face.

An assessment by the Independent High-Level Expert Group on Climate Finance (IHLEG) in 2022 concluded that developing and emerging countries – excluding China – need to invest $2.4tn every year, by 2030, to meet their climate goals. This amounts to a fourfold increase from current levels. 

(In the report, China is considered alongside the “advanced economies” of Europe, North America and East Asia and the Pacific that see the majority of global climate investment.)

The same group stated that insufficient investment, particularly in emerging and developing economies, was the “primary reason” that the world was “badly off track” on the path to its Paris Agreement targets.

Meanwhile, the world’s poorest countries are facing what the World Bank has described as a “great reversal”, with surging debt distress, food insecurity and income inequality increasing since the Covid-19 pandemic. This “polycrisis” makes it harder for them to address climate change.

Multilateral development banks (MDBs) distribute billions of dollars to developing countries every year, largely as loans. These banks are widely viewed as vital for expanding international climate finance and, as the largest MDB, the World Bank is expected to play a key role.

MDBs provided a record $60.9bn of climate finance to developing countries in 2022. However, IHLEG estimates that raising $2.4tn of investment for such nations would require around $250-300bn annually, by 2030, from MDBs and other development finance institutions.

Meanwhile, the IMF – which also lends money, but with a focus on financial stability rather than development – could play a vital role in aiding debt-laden countries that are also facing severe climate hazards.

Over the past year, the World Bank has been undertaking reforms as part of its “evolution roadmap” to increase its spending in developing countries, including more money for climate-related projects. 

This came amid a broader push by a group of global-north and global-south nations for reforms to the international financial system – in part to scale up climate finance.

Progress has been slow. One review by the Centre for Global Development concluded that only one-fifth of the required reforms have been implemented by the World Bank so far and, in general, there has been uneven progress across the MDBs.

The spring meetings provided an opportunity for leaders to discuss the status of these activities and push for more progress.

Yet there remains a great deal of mistrust around the role of these institutions in addressing climate change from those who view them as complicit in many of the problems facing developing countries. 

“The IMF, as well as the World Bank, contribute greatly to the economic entrapment of the global south,” Dr Fadhel Kaboub, a senior advisor at the thinktank Power Shift Africa, told a press briefing ahead of the spring meetings.

Issues highlighted by campaigners include what they regard as the IMF’s punitive policies for debt-laden countries and the World Bank’s continued financing of fossil-fuel projects. 

Finally, the COP29 climate summit in Baku, Azerbaijan, at the end of this year is expected to be the “finance COP”, with nations set to agree on a new climate-finance target to support developing countries.

Writing ahead of the spring meetings, Danny Scull, senior policy advisor for public banks and development at the thinktank E3G, explained that the spring meetings “will set the tone for a key year of transforming the international finance system, which is not limited to these DC-based institutions”.

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Are countries giving the World Bank more climate finance?

At the end of this year, wealthy countries are due to “replenish” the International Development Association (IDA) – the arm of the World Bank that provides concessional and grant-based finance to the world’s poorest nations.

Given the challenges ahead, World Bank president Ajay Banga has stated that this replenishment should be the “largest of all time”, calling for $30bn in pledges. Such a commitment would allow IDA to lend more than $100bn.

Much of this money would be climate finance, as the World Bank has pledged to spend 35% of its funds on climate-related projects, rising to 45% by 2025. 

World Bank President Ajay Banga and ministers at the World Bank/IMF Spring Meetings.
World Bank President Ajay Banga and ministers at the World Bank/IMF Spring Meetings. Credit: Associated Press / Alamy Stock Photo

Country surveys suggest that IDA funding tends to be well received by developing nations, compared to other sources of funding. However, developed countries such as the US and Germany have reduced their IDA pledges in recent years. Many have cut the foreign aid budgets from which their IDA contributions are drawn.

The last IDA contribution by the UK for example, was less than half its previous one. The government stated in 2022 that it planned to spend more on direct country programmes in order to “control how exactly taxpayers’ money is used to support our priorities”.

Some nations, such as the US, have stressed the need for the World Bank to do more with its existing resources, rather than relying on new investments from donor countries. (See: What is the World Bank doing to ‘unlock’ more money?)

According to the thinktank E3G, an “ambitious” IDA replenishment by wealthy nations would go some way to “re-establish[ing] trust with developing countries” – particularly those in Africa, where more than half of the IDA-eligible states are located. 

A report released by the G20 Independent Expert Group last year describes IDA as “the largest source of long-term, cheap financing to low-income countries”, but adds that it is currently “too small to properly address the needs for [climate] adaptation, resilience and mitigation”.

The group therefore recommends a tripling of finance from IDA. This would require a “sharp” increase in contributions from donor countries.

The spring meetings provided a space for discussion of IDA replenishment, which Banga made clear was one of his priorities. A replenishment meeting taking place the week after the event is expected to provide more clarity on how much countries will donate.

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What is the World Bank doing to ‘unlock’ more money?

The World Bank is under pressure to change the way it operates and assesses risk in its lending, in order to “unlock” more money from existing funds.

In 2022, an influential report for G20 finance ministers into “capital adequacy frameworks” highlighted measures that it said could unlock “several hundreds of billions of dollars” in extra lending from MDBs. 

Crucially, the expert group said this could be done without threatening the financial stability or credit ratings of these banks.

The World Bank has already announced various measures over the past few months to boost lending. However, observers say further steps are needed. 

A study by the consultancy Risk Control, which assessed the impact of the G20 report’s proposals, concluded that they could unlock an extra $162bn in lending over a decade from the International Bank for Reconstruction and Development (IBRD) – the arm of the World Bank that focuses on middle-income countries.

It also concluded that the reforms could free up an extra $27bn in lending from the IDA.

Speaking to journalists during the spring meetings, Banga said that the World Bank was working through 27 recommendations from the G20 report that apply to the institution.

Franklin Steves, a senior policy adviser in sustainable finance at E3G, tells Carbon Brief that rapid progress was not expected at the meetings:

“There are lots and lots of political, but also legal and technocratic, issues around how the bank and also the other MDBs can implement those measures. They are going to take a lot of time to work through.”

Nevertheless, the spring meetings did see some progress in the World Bank’s reforms programme. Rich countries pledged a total of $11bn towards new instruments that the World Bank has set up as part of its effort to increase lending capacity.

The US, France, Japan and Belgium committed funds to the portfolio guarantee platform. This money will be available to pay off borrowers’ debts if necessary, allowing the World Bank to lend money more freely.

Separately, a group of countries including Germany, Denmark and the UK contributed to the World Bank’s hybrid capital mechanism. This allows shareholders to raise new funds by investing in special bonds from the bank.

According to the World Bank, in total these additional funds will allow it to lend an extra $70bn over the next 10 years.

Generally, the spring meetings also highlighted the World Bank’s interest in working more with the private sector to mobilise finance for renewable energy and other key investments. In an interview with Agence France-Presse, Banga said:

“The reality is that that gap between tens and hundreds of billions to trillions is not a number that the bank can fill…That’s why you do eventually need the private sector.”

The World Bank president’s language mirrors that of other leaders, such as former US climate envoy John Kerry, who has stated repeatedly that “no government in the world” has enough funds to address climate change on its own.

Banga said the bank was working to address regulatory uncertainties in developing countries, foreign currency risk and protecting private investors from war and other unrest.

At the spring meetings, the bank also launched a new partnership with the African Development Bank and private partners to provide 300 million people in Africa with access to electricity by 2030.

This approach has faced criticism from campaigners, who argue that the private sector has so far failed to mobilise significant climate finance for developing countries.

A report from the Bretton Woods Project launched just before the spring meetings concluded that creating “bankable” low-carbon projects in developing countries is “far from straightforward”. It also noted that ensuring such bankability can clash with the interests of citizens in those countries and jeopardise a “just energy transition”. 

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Did the spring meeting provide any debt relief for climate-vulnerable countries?

Just ahead of the meetings, Bulgarian economist Kristalina Georgieva was chosen for another five-year term as the IMF managing director. Her reappointment comes at a fraught time for the institution, as the world faces a mounting global debt crisis.

This issue is rising up the global agenda, with newspaper editorials and prominent figures calling for action to help debt-laden developing countries.

Around 60% of low-income nations are trapped in a cycle of paying off debt, which was exacerbated by borrowing during the Covid-19 pandemic and a surge in interest rates. 

Developing countries spent $443.5bn on servicing their debts in 2022. Analysis by the ONE campaign concluded that, as of 2024, more money is flowing out of developed countries to service their debts than is flowing into their governments from external sources.

Hundreds rally and march on the final day of the IMF/World Bank Spring Meetings.
Hundreds rally and march on the final day of the IMF/World Bank Spring Meetings. Credit: Associated Press / Alamy Stock Photo

Many countries, particularly in Africa, are spending more on interest payments than on healthcare, education or climate action. This is particularly problematic for debt-laden nations – such as Malawi – which are dealing with climate-driven disasters and need to spend money on recovery and adaptation.

Analysis by the Debt Relief for Green and Inclusive Recovery (DRGR) project found that among 66 of the world’s most economically vulnerable nations, 47 will likely face insolvency in the next five years if they invest the amounts required to meet their climate and development goals.

Many civil society groups blame the IMF for contributing to these issues. Its approach of encouraging austerity policies so that countries can pay off debts has been responsible for “keep[ing] developing countries in a cycle of crisis”, according to a statement released by ActionAid USA country director Niranjali Amerasinghe.

Moreover, according to E3G, the role of the US Federal Reserve in increasing borrowing costs and the failure of wealthy countries to provide debt relief has been “tremendously

corrosive to trust” with developing countries.

Ahead of the spring meetings, civil society groups and academics called for major interventions to address these issues, such as the immediate cancellation of public debt payments for African countries and the “urgent reform” of the G20 “common framework”.

Wealthy creditor nations in the G20 established the common framework in 2020 to help coordinate the restructuring of debts. However, despite the high demand, only four developing countries have used it so far and it has been widely dismissed as inadequate.

Marina Zucker-Marques, a senior academic researcher in global economic governance at the Boston University Global Development Policy Center, tells Carbon Brief:

“What is happening today is that countries are defaulting on their development priorities and climate priorities instead of defaulting on their debt.…[They are] doing this because it’s very difficult to get your debt restructured within the common framework.”

One issue is debt sustainability analysis, which is meant to guide the borrowing decisions of low-income countries. As it stands, this calculation of how much money countries can pay towards their debt obligations does not account for their social, development and climate needs.

At the spring meetings, the IMF and the World Bank started discussions of how to reform this analysis to account for climate action and other issues. “This is a welcome path, but it’s something that is going to take two or three years to have a result,” Zucker-Marques explains.

The meetings also saw the launch of an independent review into the links between sovereign debt, nature and climate change, which will consider potential solutions such as debt for nature or climate swaps.

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Did leaders decide on ‘innovative’ new sources of climate finance?

Raising the large sums of money required to tackle climate change is expected to involve tapping new sources of finance. Some of these sources were discussed during the spring meetings.

Representatives from a small group of global-north and global-south countries met on the sidelines of the event in the second ever in-person meeting of the international tax task force

The goal of this initiative is to analyse and design new forms of taxation that could be used to raise money for climate and development needs. Options being considered include taxes on fossil-fuel producers, shipping fuel, air travel and financial transactions.

Ministers at the IMF/World Bank Spring Meetings in Washington DC.
Ministers at the IMF/World Bank Spring Meetings in Washington DC. Credit: Abaca Press / Alamy Stock Photo

The group, co-chaired by France, Barbados and Kenya, was joined by Colombia at the event, bringing its total membership up to eight.

Kenyan climate change envoy Ali Mohamed said in a statement that their goal was to “raise much needed financing to tackle climate change while having minimal impact on ordinary people”.

The task force’s ambition is to present one or more options for taxes at COP30 in 2025, with the goal of gathering a coalition of nations that would be willing to implement them. It will present its initial findings at COP29 in Baku.

Meanwhile, there was growing momentum around the idea of a global tax on billionaires, in part to pay for climate action. A “wealth tax” of 2%, which could raise $250bn each year, was initially proposed by G20 chair Brazil in February, but received support from other leaders at the spring meetings, including IMF head Georgieva.

The concept will be developed further and presented at a G20 meeting of finance ministers and central bankers in July.

Finally, there was a lot of pressure from NGOs at the spring meetings to shift World Bank finance away from fossil fuels and into low-carbon energy sources. Three US senators also issued a public letter to Banga asking him to commit to ending fossil-fuel financing.

Oil Change International analysis shows that the bank was providing roughly $1.2bn a year to fossil fuel projects in developing countries, between 2020 and 2022. This is in spite of the World Bank committing to “align” all of its lending with the Paris Agreement as of July 2023. 

Paola Yanguas Parra, a policy advisor at the International Institute for Sustainable Development, tells Carbon Brief that current geopolitics are making calls to end fossil-fuel financing harder. “There is a lot of ‘gas as transition fuel’ and ‘gas as development’ being supported [by the World Bank],” she says.

In the end, there was no commitment from the World Bank to change its policies on fossil-fuel financing.

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What comes next for global financial system reform?

This year is set to be a critical milestone for international climate finance.

When nations gather in Baku for COP29 in November, they will decide on a “new collective quantified goal” for providing climate finance to developing countries. This will replace the $100bn annual goal, which developed countries may finally have met in 2022, two years after the 2020 deadline.

The COP29 presidency hosted a “dialogue on enabling global action for climate finance” at the spring meetings, which saw president-designate Mukhtar Babayev sketch out broad priorities for the new climate-finance goal.

Other international events will feed into the climate summit and give a sense of progress towards international financial system reforms. In particular, G20 host Brazil will oversee continued discussions around finance at a meeting in July.

The World Bank and IMF annual meetings will then take place in October, shortly before COP29.

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The post Q&A: Climate finance at World Bank and IMF spring meetings 2024 appeared first on Carbon Brief.

Q&A: Climate finance at World Bank and IMF spring meetings 2024

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Bonn climate talks: Key outcomes from the June 2026 UN climate conference

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Two weeks of tense UN climate talks in Bonn, Germany, have produced few tangible outcomes as diplomats faced “gridlock”.

Negotiators failed to find agreement in numerous areas, such as scaling up global emissions cuts and funding for climate adaptation.

In the closing plenary, many diplomats lamented weakened trust in the UN climate process, as it struggled to find its footing in a new geopolitical landscape.

As ever, climate finance was one of the greatest sources of tension between developed and developing countries, influencing the debate around adaptation and trade in the Bonn talks.

Many countries criticised “coordinated attacks” on science by those with “fossil-fuel interests”.

Some delegates saw progress on a “just transition mechanism” to support communities through decarbonisation as a positive outcome, with a package of texts agreed for the COP31 climate summit in Antalya, Turkey.

Reporting from the talks in Bonn, Carbon Brief covers the key outcomes and disputes at the 64th biannual sessions of the UN Framework Convention on Climate Change (UNFCCC) subsidiary bodies (SB64).

Adaptation

Climate adaptation proved one of the most contentious areas of negotiation in Bonn. In particular, parties were unable to agree on text relating to the “global goal on adaptation” (GGA).

Across the two weeks, progress was “stuck, stalled or deferred”, even in the rooms of technical adaptation items, Jeffrey Qi, policy advisor with International Institute for Sustainable Development’s (IISD) resilience program, told Carbon Brief.

In many of the rooms, this was due to a “fault line” over finance, Ana Mulio Alvarez, policy advisor at thinktank E3G told Carbon Brief, as developing countries sought support to help protect themselves from escalating climate hazards.

Last year at COP30, parties had agreed on a new adaptation finance target within the “global mutirão”.

The text “calls for efforts to at least triple adaptation finance” for developing countries by 2035. This is largely expected to come from developed countries, which are obliged to provide climate finance under the Paris Agreement.

While this tripling target agreed in Brazil was broadly welcomed by developing countries, it lacked key details. For example, it did not specify the baseline for tripling, the parties which have to contribute or the types of finance that will be counted under the goal.

(Earlier drafts of the text in Belém had included reference to 2025 as the baseline, the deadline for a $40bn adaptation finance goal set at COP26. This led some parties and civil society organisations to state that the 2035 level ought to be $120bn.)

In Bonn, various parties said that the tripling target should also be included within the text on the GGA. This included the African group, small-island states (AOSIS), least developed countries (LDCs), some Latin American countries (AILAC), as well as the G77 and China.

They said that they would need finance to implement the GGA, especially as adaptation projects often rely on public, grant-based funding rather than private investment.

Canada, Norway and Japan were among those opposing a reference to the tripling target.

A first draft text on the GGA did not include a reference to the finance goal. Many parties again expressed their concern over this omission.

A second draft only included a reference to the tripling of adaptation finance within a bracketed opening paragraph. (Passages of text that are not yet agreed are shown in square brackets.)

A reference to tripling finance remained in the final draft, shown below. The entire text is surrounded by square brackets and is subject to negotiation and agreement at COP31.

Final GGA text.
Final GGA text. https://docs.unfccc.int/documents/10000227

Speaking to Carbon Brief, Teresa Anderson, global lead on climate justice for ActionAid International, said:

“It’s been a huge fight to even get a soft acknowledgement of the Belém promise to triple adaptation finance, let alone a proper plan to meet that promise. It seems rich countries want to be able to quietly forget they ever said anything at all.”

Beyond the question of finance, a number of other GGA elements were discussed in Bonn. This included work on the “indicators”, a set of 59 ways to measure progress towards the GGA, which were agreed by parties at COP30.

The adoption of these indicators in Belém had proven difficult, despite experts having worked on them for two years. They were pushed through at the close of COP30 to mixed reactions.

Parties entered negotiations in Bonn amid the uncertainty this created. Alongside the indicators, the final text last year contained plans for a two-year “Belém-Addis vision” to further refine the indicator process.

As part of this, at SB64 parties worked towards creating a taskforce that would establish underlying data and methodologies for the indicators. However, the make-up of this taskforce became fraught, as parties disagreed on whether it should be technical or political.

Delegates huddle during the informal consultations on the Global Goal on Adaptation
Delegates huddle during the informal consultations on the Global Goal on Adaptation (GGA). Credit: IISD/ENB | Kiara Worth

Speaking to Carbon Brief, Bethan Laughlin, senior policy specialist at the Zoological Society of London, said the negotiators were in “a very Groundhog Day’ situation”, where they were once again looking to experts to refine the indicator package, while struggling with the idea of ceding control of the process.

During negotiations in the second week, Brazil and the EU called for the taskforce to be expert-driven, while Grupo Sur, the like-minded developing countries (LMDCs) and the Arab group supported a party-driven taskforce.

As the talks moved into the final days of negotiations in Bonn, this remained a sticking point.

A final element of the GGA is the Baku adaptation roadmap (BAR), which was launched at COP29 in Azerbaijan. It is designed to help bring coherence across the multiple different adaptation efforts and advance progress towards the GGA.

At workshops during the first week in Bonn, parties focused on how the current adaptation framework supports the GGA and climate finance for adaptation.

In negotiations, the G77 and China called for the BAR to ensure access to finance in accordance with Article 9.1. This is the part of the Paris Agreement that refers to developed countries “providing” climate finance. (See: Climate finance.)

Canada, Japan, the UK and the EU all disagreed with this inclusion, arguing that finance should be addressed under other agenda items.

Ultimately, no agreement could be reached on the GGA. The issue was therefore subject to “rule 16” and passed to COP31 without any agreed text.

Molly Lempriere on Bluesky: The global goal on adaptation has been Rule 16ed in Bonn

In the closing plenary, parties expressed their disappointment with the situation, with AOSIS noting the outcome was “completely unacceptable”.

In a statement, E3G’s Mulio Alvarez said that amid worsening climate impacts, the “rule 16 is more than a procedural outcome: it is a warning sign”.

Beyond the GGA, the adaptation space also includes numerous other negotiations.

Those around the adaptation fund drew particular focus this year, as it is in the process of transitioning to exclusively serve the Paris Agreement. This will allow it to access 5% of the revenues generated by the agreement’s new carbon market under Article 6.4.

A key challenge was the makeup of the fund’s board, which currently includes members from “Annex I” and “non-Annex I” countries. This refers to the division of countries based on their development status in 1992, when the UNFCCC was established.

The Paris Agreement refers instead simply to “developed” and “developing” countries. The concern, observers told Carbon Brief, is that this could open the door for wealthier developing countries to be defined as “developed” – something that some parties oppose.

Speaking to Carbon Brief, Qi said that the issue would require a head of delegation or higher to push through an agreement. He added:

“This is such a politically charged issue that concerns the fundamental question of the relationship between the convention and the Paris Agreement.”

Parties failed to come to an agreement on this point, instead deciding to continue discussions at COP31.

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Just transition

The agreement to create a “just transition mechanism” was one of the most substantial outcomes of COP30. In Bonn, it took a further step forward.

Dubbed the “Belém-Antalya mechanism for global just transitions” (BAM) by civil society, it is intended to provide a centralised hub to support “just transitions” for workers and communities around the world.

Speaking during a press conference in the second week of SB64, COP30 president André Corrêa do Lago pointed to the mechanism as a key “legacy” of the conference.

However, as work got underway on the just transition work programme (JTWP), where the BAM sits, the focus of negotiations was instead on the “terms of reference” for an upcoming review.

Speaking to Carbon Brief, Anabella Rosemberg, senior advisor on just transition at NGO umbrella group Climate Action Network (CAN) International, said that while negotiations got off to a good start, negotiators got “distracted very fast”. She added:

“Basically, over the 10 days of negotiations, a week was just [spent] on an extremely procedural and technical discussion, instead of a conversation on the mechanism.”

Over the first week, parties diverged on the review’s mandate, objective and scope. This latter point includes how the JTWP relates to processes under the UN Framework Convention on Climate Change (UNFCCC), the Paris Agreement and UN entities.

Observers told Carbon Brief that they did not think the delay in the discussion of the mechanism had been orchestrated by parties to hamper progress, although they did suggest the BAM was not a priority for certain groups.

Going into the second week, with so much time focused on the terms of reference, Chadli Sadorra, senior program staff at the Asian Peoples’ Movement on Debt and Development, told Carbon Brief that whether or not there was enough time to come up with meaningful outcomes on the mechanism was a concern.

As the second week of the June Climate Meetings kicks off, members of civil society drop a banner in the main foyer, reminding delegates of the need for a just transition.
As the second week of the June Climate Meetings kicks off, members of civil society drop a banner in the main foyer, reminding delegates of the need for a just transition. Credit: IISD/ENB | Kiara Worth

However, on 16 June, the co-chairs introduced a draft text with a “non-exhaustive” list on how to take the mechanism forward.

This was divided into sections on context, purpose, functions integration, coordination and coherence, barriers and opportunities, international cooperation, modalities and governance, timelines and links to the JTWP.

Parties, including Latin American countries under AILAC, Brazil, Norway, AOSIS, the African group and others, welcomed the note as the basis of further negotiations. The Arab group pushed back, saying the text did not reflect its priorities.

There were further discussions on key elements, such as AILAC suggesting a review of the timelines. Brazil and others said that the way the BAM operates and is governed should be considered separately, while the African group urged a strengthened focus on international cooperation.

Ultimately, talks were able to move forward substantially.

Civil society representatives also broadly welcomed the draft text. Rosemberg told Carbon Brief that “there’s a whole chunk that is really good”, adding:

“It points to functions that make sense; it’s not rehashing stuff that we have seen forever in the UNFCCC. It’s new, it’s fresh, it’s crisp, it has potential.”

On the penultimate day of the SB64 negotiations, the co-facilitators asked parties to agree on a package of outcomes, including a summary of the fifth JTWP “dialogue”, a placeholder for its next meeting and the terms of reference for the review of the process. It also included a list of items that would need to be agreed as part of developing the BAM.

Several parties said they could agree to the package in the spirit of compromise. This included an invitation to the chairs of the process to continue working on the matter before COP31, in order to try to find agreement on the BAM.

Speaking to Carbon Brief, Dr Leon Sealey-Huggins, a senior campaigner at the charity War on Want, said that lots of important elements remained in the text, albeit in “skeleton form”, including links to financial architecture.

But key questions remain around the details of the BAM, including on the role of non-party stakeholder participants, Huggins added. As such, civil society groups see further meetings on the mechanism, ahead of COP31, as key to allowing it to be adopted in November.

Ultimately, this package of texts was agreed without intervention in the closing plenary of SB64 on 18 June.

Speaking during a press conference that day, attended by Carbon Brief, Rosemberg concluded:

“Watch out, the BAM is coming”.

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Climate finance

Delegates spent much of the first week in Bonn debating climate finance outside of formal negotiations, in a series of “workshops” and “dialogues”. Much of their focus was on how to fulfil financial commitments made during previous climate negotiations.

Finance is a core issue at UN climate talks and one that has frequently led to “agenda fights” and delays in recent years.

The major divide is between developing countries that receive climate finance and developed countries that are obliged, under the Paris Agreement, to provide or “mobilise” it.

There was no agenda fight as SB64 kicked off in Bonn. However, finance remained a source of friction across many workstreams, against a difficult global backdrop.

Recent official figures show that climate finance from developed countries reached a record $136.7bn in 2024. Developed countries, therefore, argue that they are raising climate finance in line with their obligations, despite other fiscal strains.

Since 2024, however, aid cuts by major donors – particularly the US – mean public climate spending by developed countries is likely to have fallen substantially. There have also been drops in support for UN climate funds, such as the Green Climate Fund.

Moreover, hardly any developed countries have pledged new finance for 2026 and beyond.

This is in spite of parties agreeing in 2024 on a “new collective quantified goal” (NCQG) of $300bn a year for developing countries by 2035 – largely from developed countries.

Given this, developing countries argue that developed countries are, in fact, shirking their responsibility to scale up their public-finance provision. They say this is vital, especially considering the $300bn goal is already far below the scale needed to tackle climate change.

Isatou Camara, lead climate finance coordinator for the Least Developed Countries (LDCs), told Carbon Brief that their adaptation needs depended on securing such funding:

“[Public finance is] oxygen for us, because when we talk about what we need as vulnerable countries, it’s basically enhancing resilience and adaptation.”

At COP30, parties agreed to launch a new two-year “work programme” for countries to discuss these concerns, among others.

Delegates break out into groups for more in-depth discussions.
Delegates break out into groups for more in-depth discussions. Credit: IISD/ENB | Kiara Worth.

This came after a concerted effort, led by the LMDCs and the Arab group, to start a work programme focused exclusively on Article 9.1 of the Paris Agreement. This is the part that says developed countries “shall provide” finance – generally taken to mean public spending.

However, developed countries note that the NCQG goal covers a “wide variety of sources”, including the private sector and wealthier developing countries, such as China.

In the end, parties at COP30 compromised on a programme to address Article 9.1 “in the context of Article 9…as a whole” – meaning it could cover all types of finance.

Nevertheless, in submissions ahead of SB64, many developing countries were clear that they wanted the programme to be a “dedicated space” to discuss Article 9.1.

The LMDCs and Arab group even erroneously referred to it simply as the “work programme on Article 9.1” and made it clear that they “do not see [it] as a way of consolidating other agenda items on finance”.

(Some developing-country groups, such as AOSIS, place a lot of emphasis on other aspects of finance, such as quality and accessibility, as well as the need for provision by developed countries.)

In contrast, developed countries, such as the EU, Norway and Canada, said they wanted a broad approach that focuses on “streamlining” the existing climate-finance agenda and “mobilising” finance from various sources.

There were three “engagement workshops” to discuss this new climate-finance work programme at SB64.

Parties remained entrenched in long-held positions, with developed countries happy to keep the focus on climate finance of all kinds, as opposed to public funding.

The G77 and China rejected the “work plan” prepared by the co-chairs and said its focus should be squarely on Article 9.1. Some developing countries argued for “burden sharing agreements” and an “action plan” to compel developed countries to provide more finance.

In order to elevate these issues into formal negotiations, developing countries and civil-society organisations stressed throughout SB64 that the Article 9 work programme should be placed on the agenda at COP31. (A draft version of the agenda for November’s summit did not include it.)

This argument was given more weight when COP30 president Corrêa do Lago used his “authority” to request such an item, in a letter published towards the end of SB64 week one.

Josh Gabbatiss on Bluesky: At SB64 climate talks in Bonn

When asked why he made this unconventional intervention, Corrêa do Lago told Carbon Brief that it reflected his understanding of what was agreed last year:

“If I believe that we agreed in Belém that this would happen, I think it is normal that, as president of the COP, I request that to the secretariat.”

Nevertheless, his action is not binding and will not, in itself, avert conflict over whether to include the issue on the COP31 agenda. Despite this, the move was celebrated by civil society, with Sehr Raheja, a climate change programme office at the Centre for Science and Environment (CSE) telling Carbon Brief:

“Developed countries have been resistant to it from the beginning…Drama is going to be there [at COP31], whether we like it or not.”

The SB64 talks also saw the first two-day meeting of the “Veredas dialogue”, another new finance-related process agreed at COP30.

This is a space for parties to discuss Article 2.1c of the Paris Agreement, which concerns making all global financial flows “consistent” with climate goals. Some developing countries, such as the Arab group, have resisted this aspect of negotiations, preferring to keep the focus exclusively on finance from developed countries.

The Veredas dialogue is essentially a continuation of the “Sharm el-Sheikh dialogue” – which ended last year – except with greater focus on real-world implementation.

These discussions saw presentations on various topics, including how Rwanda is aligning its public finance with climate resilience and Norway’s experience with carbon pricing. As part of the dialogue, high-level “Xingu finance talks” will take place later this year.

Finally, the COP30 presidency hosted sessions to discuss the implementation of the “Baku to Belém roadmap”.

As well as the $300bn goal, the NCQG contains a more aspirational target of reaching $1.3tn in annual climate finance by 2035, which parties at COP30 agreed to “urgently advance”. The roadmap is a presidency-led attempt to add substance to the $1.3tn pledge.

In Bonn, parties and experts discussed activities to “focus collective energies” and “gain quick wins”, as well as how to follow up on the roadmap in “mandated workstreams and through the action agenda”.

A summary of the discussion will be produced and used to inform the continued follow-up on the roadmap, over the coming year.

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Global stocktake

Years of discussions culminated in the first “global stocktake” (GST) of the Paris Agreement in 2023, which assessed progress towards climate goals and what more needed to be done.

Since then, countries have been engaging in a process known as the United Arab Emirates (UAE) dialogue, which focuses on implementing the GST outcomes.

There were two sessions at SB64 for parties to share experiences and information about how to implement the GST – and barriers they faced – as agreed at COP30.

Interventions from parties such as the EU, Switzerland and Colombia focused on the GST’s “energy package”, contained in paragraph 28 of the text, including “transitioning away from fossil fuels” and “phasing out inefficient fossil-fuel subsidies”.

AOSIS highlighted the recent conference on transitioning away from fossil fuels in Santa Marta, Colombia, as a good example of cooperation to deliver on these outcomes.

Many developing-country parties stressed that they needed more climate finance and other forms of support to carry out GST outcomes. The Philippines, speaking on behalf of the G77 and China, highlighted:

“The persistent gap between the scale of action required to implement GST outcomes…and the scale, quality, accessibility and predictability of support provided.”

Among the groups preferring to keep the focus on finance were those representing major fossil-fuel producers. Saudi Arabia, speaking for the LMDCs, described the dialogue as a “non-prescriptive space with a focus on finance”.

The co-facilitators are now expected to prepare a report that summarises the discussions, without providing guidance.

As the talks came to a close and an overview was presented to attendees by the diplomats leading the discussions, Colombia noted that “transitioning away from fossil fuels” was missing:

“This topic featured prominently in several interventions and was identified by many parties as a key element of the GST outcomes that requires [finance].”

Following this, Saudi Arabia said “cherry-picking” of paragraphs from the GST should be avoided, given it was a “carefully negotiated” package:

“While some parties may choose specific pathways, roadmaps, initiatives, approaches, others are contributing through other alternative approaches – all of which are valid and contribute to the goal of the Paris Agreement.”

(The stocktake calls on all parties to contribute to the entire energy package, including the fossil-fuel transition. Yet Saudi Arabia has consistently argued the package is a menu of options, from which parties can pick and choose.)

Across various rooms in Bonn, talk also turned to the next GST, a two-year process that will begin at COP31 later this year and end in 2028.

The most contentious issue regarding the second GST was whether or not the next Intergovernmental Panel on Climate Change (IPCC) report will feed directly into it. See: Climate science.

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Mitigation work programme

Bonn closed with the mitigation work programme (MWP) – the only formal agenda item specifically about cutting greenhouse gas emissions – failing to reach an agreement. As a result, it was subject to “rule 16”, meaning it was simply pushed to COP31.

The main challenge within negotiations was a divergence between parties wanting the MWP to actively drive more urgent emissions cuts and those who want it to be merely a space for communication.

Speaking to Carbon Brief, Kaveh Guilanpour, vice president for international strategies at the Center for Climate and Energy Solutions (C2ES), explained:

“Tensions in the MWP go back to when it was adopted at COP27, where some parties wanted it to be a non-negotiated space to exchange ideas and views on how to accelerate mitigation action, while others hope the space could be used for more normative signals on what needs to be done going forward.

“At the heart of this is the fact that NDCs are nationally determined, while the goals of the Paris Agreement are collective in nature.”

One of the main areas of focus in Bonn was the future of the MWP, including its duration, its relationship with other UNFCCC processes and how it should be carried out.

For example, during discussions in the first week, parties disagreed on whether the mandate for the MWP’s work – which refers to “this critical decade” – meant it should continue operation until 2030, or whether this simply related to the urgency of action.

Informal consultations on the mitigation work programme (
Informal consultations on the mitigation work programme (MWP). Credit: IISD/ENB | Kiara Worth

Speaking during a press conference in the second week attended by Carbon Brief, Anne Rasmussen, lead climate negotiator for AOSIS, said that on mitigation:

“We need to move beyond simply exchanging views and focus on how the work programme can support the implementation of GST outcomes, particularly those related to mitigation. These [include] accelerating renewable energy deployment and strengthening dedicated mitigation space beyond 2027.”

Questions of finance also became contentious, as they had across a range of negotiating rooms in Bonn.

During negotiations, some parties highlighted the need to engage with financiers, investors or other avenues, in order to turn MWP discussions into action.

In the second week, the diplomats leading negotiations put together three separate documents to represent the divided discussions: a draft legal text; a note capturing the key parts of the debate; and a “non-exhaustive reflection of the exchange of views”.

Further documents released the day after, with few substantial changes, faced a similar response.

In the afternoon of the final day in Bonn, brief draft conclusions were published. This contained just five points, predominantly focused on the need for continued work on the MWP.

Ultimately, however, parties could not even agree on this minimal document and the MWP was pushed to COP31.

Molly Lempriere on Bluesky: In the Bonn closing plenary,

In the closing plenary, a range of parties expressed their “profound disappointment” and reaffirmed their commitment to the MWP process.

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Action agenda and new initiatives

COP30 saw an effort by the Brazilian presidency to raise the profile of the “action agenda” – a long-running initiative to mobilise climate action outside the formal UN process.

Hundreds of voluntary climate initiatives have been launched by businesses, local governments and many other actors over the years at COP summits and other international events.

In a bid to turn this into real-world action, the COP30 presidency marshalled these initiatives into six broad themes and compiled them into a five-year plan for “accelerating implementation”.

These plans were intentionally aligned with the goals of the global stocktake, negotiated in 2023, which includes everything from “transitioning away from fossil fuels” to “halting and reversing deforestation”. (See: Global stocktake.)

This work continued at SB64, with UN Climate Change executive secretary Simon Stiell telling participants in his opening speech:

“We hear calls from many to elevate the global climate action agenda – complementing negotiations, bringing together governments, companies, innovators, investors, cities and regions and civil society.”

The Turkish COP31 presidency launched its own “priorities” for the action agenda during the first week of SB64. The most high-profile of these was a goal – yet to be endorsed by national governments – to increase the global share of final energy demand met by electricity from just over 20% today to 35% by 2035.

(Amid soaring fuel prices linked to the Iran war, some governments have already identified electrification as a way to curb their reliance on expensive fossil-fuel imports.)

The Turkish presidency also announced targets to halve the growth in global waste, reduce “energy consumption intensity in the building sector” by 25%, increase the global use of “circular materials” by 15% and “build awareness of the climate crisis” among young people and farmers, all by 2035.

Alongside these goals, the presidency has also announced a “climate implementation bridge”. This was described as an initiative to help developing countries access support and capacity building – but it is not a new climate fund.

(The COP31 action agenda is set to be formally launched at London Climate Action Week, the week after SB64.)

In a press conference announcing these new goals, the Australian “president of negotiations” for COP31, Chris Bowen, made it clear that the negotiations and the action agenda are “separate things” and that the latter could proceed without universal buy-in from every country. He said:

“The action agenda is set by the presidency, the negotiations are steered but are a party-driven process and require consensus.”

COP30 also had also seen the launch of more new presidency-led initiatives that were intended to drive climate action beyond the UN negotiating halls. SB64 provided an opportunity to flesh these out and for parties to provide their views.

One of these initiatives was the “global implementation accelerator”, which was the focus of an event in the first week of the conference.

COP30 and COP31 presidency representatives explained that this would involve providing additional support to three or four “high-impact” climate “solutions” from the action agenda. The goal would be to help parties – on a voluntary basis – as they implement nationally determined contributions (NDCs) and national adaptation plans (NAPs).

Another new presidency initiative was the “Belém mission to 1.5C”, which held a consultation event in Bonn. This has similar objectives to the global implementation accelerator – namely, driving ambition, implementation and investment in nations’ NDCs and NAPs.

The “mission” is gathering inputs from various actors and will use these, alongside various meetings and consultations, to produce a report ahead of COP31.

Some parties used these sessions to make their priorities clear. For example, Saudi Arabia, on behalf of the Arab Group, made statements during both consultations about the importance of carbon-capture technologies. They told the “mission to 1.5C” session:

“International cooperation currently disproportionately emphasises particular solutions, while technologies such as CCUS [carbon capture, utilisation and storage] and CDR [carbon dioxide removal], despite their critical role in IPCC-assessed pathways, remain disproportionately underrepresented.”

This is notable, given the predominance of major oil-and-gas producers in this negotiating bloc and the group’s resistance to efforts to move away from fossil fuels. Saudi Arabia also stressed that these initiatives are voluntary and not connected to UNFCCC processes.

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Climate science

Throughout the Bonn talks, there were major disagreements about how climate science should feed into the UN climate process.

Parties traded accusations of “misinformation” and oversimplifying science. There were also disputes about the Paris Agreement’s 1.5C temperature goal and the role of the UN’s Intergovernmental Panel on Climate Change (IPCC).

This came to a head when a press briefing was assembled with representatives from the EU, Switzerland and various developing countries to denounce “coordinated attacks” on science by “fossil-fuel interests”.

Josh Gabbatiss on Bluesky: A broad group including least developed countries

When asked which parties were behind these “attacks”, Sivendra Michael, chief negotiator for Fiji, told Carbon Brief:

“It is the usual suspects that seek to block progress…We are seeing efforts to remove references to the IPCC and the 1.5C temperature limit.”

A negotiator from one of the countries in the press conference later elaborated, telling Carbon Brief that Saudi Arabia and India were among those “undermining” climate science.

They also told Carbon Brief that Saudi Arabia had started referencing a Paris Agreement target of limiting warming to 2C – failing to mention the 1.5C component altogether. Saudi Arabia, a major oil-and-gas producer, has long opposed the 1.5C goal.

(The Paris Agreement technically has a single temperature target of “well-below 2C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5C”.)

All economies face very steep emissions cuts if the world is to meet the 1.5C target and this could have major societal impacts, especially for emerging economies with fossil-fuel industries.

However, small islands and climate-vulnerable states frame warming beyond 1.5C as an existential threat.

Anne Rasmussen, lead negotiator of AOSIS, told Carbon Brief that they were concerned about the “attempt to delink any relevance of the 1.5C” across several tracks, including the JTWP and the MWP.

As at COP30, differences of opinion were most evident in negotiations on “research and systematic observation”, where parties discussed scientific inputs into UN climate talks.

The EU was among parties voicing concerns about “misinformation” and the importance of 1.5C. Saudi Arabia and India were among those arguing against references to “misinformation and disinformation”, as well as 1.5C.

(There was also some debate about the inclusion of references to El Niño and climate “tipping points”. Both were opposed by some large, developing countries, with India and Saudi Arabia arguing there were “varying perspectives” on tipping points science.)

Dr Kate Dooley, a senior research fellow at the University of Melbourne who followed the Bonn negotiations, told Carbon Brief that the accusations levelled by some parties in the press conference were oversimplified. She said:

“We’ve got both sides finger-pointing at each other – the EU and Switzerland pointing the finger at large, developing countries and saying: ‘What you’re doing is climate denial.’ And it’s not.”

There is growing acceptance that the world is likely to breach 1.5C. If that happens, the “overshoot” could be temporary if there is mass deployment of carbon removal technologies and tree-planting to suck carbon dioxide (CO2) from the atmosphere.

As ever, this raises questions as to who will be responsible for cutting emissions and for the mass deployment of CO2 removal – and when and where these actions should take place.

Dooley said that “1.5C is the temperature goal and we need all hands on deck to achieve that”, but there was nothing wrong with “interrogating the risks of mitigation pathways and trying to make sure those risks are minimised”.

Large, developing nations argue on the basis of “equity” that they should have more leeway, whereas developed countries bear significant historical responsibility for climate change and that, as a result, they should cut emissions further and faster in line with the 1.5C goal.

Moreover, they argue that developed countries have failed to provide sufficient climate finance and technological support to help developing countries cut emissions.

Responding to this idea, Fiji negotiator Michael told the press briefing there would be “no equity for the most vulnerable” if 1.5C is breached:

“There is this growing narrative that science and equity are in competition…We reject this notion.”

Saudi Arabia and India were also prominent in questioning the role of the IPCC – considered the world’s most authoritative voice on climate science – in the UN process.

Some Indian researchers have been vocal in arguing that the scenarios assessed by the IPCC place an unfair burden on developing countries.

There was also a wider conversation about IPCC timelines in Bonn. Many parties, including the EU, AOSIS and South Africa, argued that the panel’s “seventh assessment report” (AR7) should be brought forward so the “best available science” can feed into the second “global stocktake” in UN climate talks, which is set to conclude in 2028. (See: Global stocktake.)

A group of countries, including Saudi Arabia, India, China, Kenya and Russia, have pushed back against any effort to accelerate the report timing. As a result, for five consecutive IPCC meetings, countries have failed to agree on the AR7 timeline.

These debates spilled over into SB64 talks, with the same parties arguing against alignment with the second GST. Again, these countries often make arguments on the basis of equity, stating that accelerating the process would disadvantage developing-country scientists.

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Fossil fuels

Fossil fuels were not an official part of the negotiating agenda in Bonn, but countries nevertheless discussed them throughout the talks.

At COP30, dozens of nations had backed a “roadmap” to “transition away” from fossil fuels, but ultimately strong opposition meant it did not end up in the formal text.

Instead, countries accepted COP30 president Corrêa do Lago’s compromise offer to develop “roadmaps” outside the formal UN regime, including one for fossil-fuel transition and another on ending deforestation.

So far, 21 countries and negotiating groups have submitted their views to help shape the informal fossil-fuel roadmap. With the exception of Russia, none of the countries that reportedly opposed a formal roadmap at COP30 have had their say.

(There has been a similar call for input from parties for the deforestation roadmap, with 22 submissions so far.)

In the first week of Bonn, the COP30 president hosted a 90-minute session to discuss the fossil-fuel issue in person.

Ana Toni, COP 30 Presidency, and André Aranha Corrêa do Lago, COP 30 President.
Ana Toni, COP 30 Presidency, and André Aranha Corrêa do Lago, COP 30 President. Credit: IISD/ENB | Kiara Worth

Corrêa do Lago presented progress on developing the roadmap, placing it in the context of implementing the energy-related outcomes from the first global stocktake. (See: Global stocktake.)

Some parties, including small-island nations and Switzerland on behalf of the Environmental Integrity Group (EIG) , expressed interest in carrying the roadmap discussion into the formal process – so it ended up as more than just “a document”.

Meanwhile, groups representing big fossil-fuel producers, such as the Arab group and the LMDCs, did not speak up at all.

Fossil fuels were also discussed in other parts of SB64, notably in the GST dialogue. Numerous nations pointed to the success of the recent “transitioning away from fossil fuels” conference in Santa Marta, Colombia.

Cosima Cassel, climate diplomacy lead at E3G, told a press conference on this topic that Santa Marta was an example of the climate regime “evolv[ing]”, with “coalitions of the willing” coming forward with solutions to move away from fossil fuels.

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Trade dialogues

The first-ever dialogue on climate change and trade was held during the first week of negotiations. Parties approached it with a “pragmatic” tone, despite clear tensions, according to thinktank E3G.

Created as part of the “global mutirão” at COP30 in Brazil last year, this was the first of three dialogues that will be held at Bonn intersessional meetings between 2026 and 2028.

Opening the session, COP30 president André Corrêa do Lago highlighted the need to make trade work “as an engine of sustainable development”.

The session began with presentations from the World Trade Organization, the International Trade Centre and UN Trade and Development, which highlighted the potential for trade to contribute to countries’ climate objectives.

However, as parties moved into the discussion portion of the day, many developing nations drew attention to growing concerns that trade measures are creating burdens and barriers for them.

The discussion was organised around three questions: how trade can support climate action; how climate action can avoid adverse impacts on sustainable development; and how international cooperation can address the “trade-climate interface”.

Broadly, developing-country groups argued that the use of trade-related climate measures raises compliance costs, restricts market access and does not align with principles of “equity” and “common but differentiated responsibilities and respective capabilities”.

For example, the Arab group pointed to research by the International Monetary Fund, which it said found that the EU’s carbon border adjustment mechanism (CBAM) could generate “welfare gains” for developed countries, while imposing “losses” on developing countries.

Meanwhile, the LMDCs described unilateral trade-related climate measures as:

“Effectively extraterritorial regulatory projection by those with dominant market power and greater historical responsibility [for global warming] onto those with fewer resources and less historical responsibility.”

Developed-country groups pushed back against these criticisms, arguing that they were legitimate approaches to climate “externalities”. The EU said:

“If we disregard sustainability considerations, negative environmental externalities can emerge and lead to dependencies that undermine efforts to protect the environment and the climate.”

Others, such as AILAC and South Korea, focused on improving fairness and transparency in climate-related trade measures.

In a statement, Jordan Dilworth, policy advisor for climate diplomacy and geopolitics at E3G, said that despite the tensions, parties did come prepared to engage:

“Many expected the first trade and climate dialogue to be a showdown, but parties resisted trading blows and instead engaged constructively despite entrenched differences. The test now is for the chairs to ensure that parties feel their positions are being adequately addressed in the next round of dialogues.”

The diplomats running the talks will now consider the interventions and submissions made by parties in the dialogue, before determining the next steps.

They said they would prepare an “informal note under their own authority and with no legal status”, as a record of the first dialogue.

Trade also raised its head in the just transition work programme, with groups such as G77 and China opposing “restrictive” trade measures, while others, such as the UK, argued that the topic of trade does not fall within the mandate of the workstream.

This mirrored divisions seen at COP30, SB62 and other UNFCCC meetings. (See: Just transition work programme.)

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COP reform

Following on from COP30, there were continued discussions on the future of the UNFCCC process and potential for reform, although it was less of a hot-button topic.

Much of this fell within negotiations on “arrangements for intergovernmental meetings”, focused on the organisation of COP31, improving efficiency and observer engagement.

Negotiations over the course of the two weeks in Bonn saw parties disagree over issues such as imposing conditions on proposals for new agenda items, the opportunities for parties to engage in consultations, budgetary implications and more.

Ultimately, a final text was agreed on the penultimate day of Bonn.

Parties also negotiated on “cooperation between other international organisations”, which relates to coordinating the work of UN treaties on climate change, nature and desertification.

While this agenda item has existed for over 20 years, it has previously been limited to the publication of an annual report in Bonn.

At COP30, however, it was reinvigorated following a push at the Bonn sessions in June 2025, ultimately being included on the agenda at a COP for the first time in 19 years.

The workstream drew focus at COP30 amid the wider calls for reform of the COP process.

Its inclusion in the agenda at SB64 followed a report from UN scientific panel on nature research, IPBES, on the nexus between biodiversity and other workstreams, which found that countries are wasting $10-25tn annually by dealing with interconnected crises within silos, instead of taking advantage of synergies.

Speaking to Carbon Brief, Bethan Laughlin, senior policy specialist at the Zoological Society of London, highlighted that countries now have to produce dozens of reports across the three UN conventions. She added:

“The evidence is clear that siloed decision-making is costing countries trillions per year. To tackle the scale of the climate and ecological crisis, we can no longer act as if these issues are separate from one another.

“Already existing mechanisms, such as the Joint Liaison Group, need to be strengthened, but we also need innovative approaches that will aid countries in scaling up synergistic approaches.”

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Ocean dialogue

During the first week at Bonn, stakeholders and delegates took part in the “ocean and climate change dialogue”.

This focused on ocean-based priorities in countries’ “nationally determined contributions” (NDCs), access to finance and aligning international climate and biodiversity efforts relating to oceans.

The dialogue built on the “blue NDC challenge” launched by Brazil and France in 2025, with the goal of as many countries as possible incorporating the ocean into their pledges.

Speaking to Carbon Brief, Micheline Khan, senior associate for ocean climate at thinktank the World Resources Institute (WRI), explained that since it was launched at COP25, the dialogue has “achieved important milestones” in the integration of the ocean across the work of the UNFCCC. This included helping to move from ad-hoc inclusion of the topic to a “growing political recognition of ocean language”.

Representatives for both sides of the joint COP31 presidency – Turkey and Australia – spoke during the first day of the ocean dialogue at SB64.

Khan added that the Turkish presidency has “defined the ocean as a key priority within their agenda”, providing political signalling that could help elevate the topic.

But more still needs to be done, Khan said:

“The central challenge is no longer whether ocean action belongs in climate plans – it does. But whether countries have the governance, data, technical capacity and investment pipelines to implement what they have already committed to.”

For more on the ocean dialogue, see the 19 June 2016 edition of Debriefed.

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Road to COP31

Attention now turns to COP31, which will be held in the resort city of Antalya, Turkey.

Unusually, the COP presidency is being shared, with Turkey hosting the summit, but Australia serving as “president of negotiations”.

This was a compromise landed on at COP30, after parties failed to agree on a single presidency following more than three years of dispute.

(COP32 will be held in Addis Ababa, Ethiopia, in 2027. It will be the first-ever COP hosted by one of the least-developed countries.)

COP31 is being promoted as an “implementation COP”, helping to “close the gap between multilateral commitments and real-world delivery”, according to its website.

However, the fraught negotiations in Bonn, including the lack of progress on key elements, mean the future effectiveness of climate summits is increasingly under question.

In his closing statement at Bonn, UN Climate Change executive secretary Simon Stiell urged countries to bring ministers together as soon as possible, “particularly on the thorniest issues,” to allow compromise to be found ahead of Antalya. He added:

“In some negotiating rooms, we’ve heard a familiar tendency towards you-first-ism: Groups refusing to deliver commitments or allow the process to move forward unless others go first. This is a recipe for gridlock when we need all negotiating tracks to be moving in the fast lane.”

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Date Milestone
20-28 June 2026 London climate action week, London, UK
September 2026 Climate week, New York City, US
8-22 September UN general assembly (UNGA81), New York City, US
19-30 October 2026 UN biodiversity summit COP17,, Yerevan, Armenia
9-20 November 2026 Global implementation accelerator – second information session
During Katowice Committee meeting, 2026 Dialogue on the impact of response measures
9-20 November 2026 COP31, Antalya, Turkey

The post Bonn climate talks: Key outcomes from the June 2026 UN climate conference appeared first on Carbon Brief.

Bonn climate talks: Key outcomes from the June 2026 UN climate conference

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Climate Change

Experts: Why carbon removal needs a ‘major scale up’ to return warming to 1.5C

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Last week, more than 260 researchers convened in Milan to discuss the opportunities, challenges and risks involved in scaling “carbon dioxide removal” (CDR) to help curb climate change.

The conference – held on the campus of the Politecnico di Milano – is the fourth in a series, with previous editions held in Oxford, UK in 2024, and Gothenburg, Sweden in 2018 and 2022.

A broad range of academics – from forests, oceans and soils experts through to social and political scientists – discussed the co-benefits and trade-offs involved in drawing down CO2 from the atmosphere at scale, as well as the ways policy could drive CDR deployment.

Dr Soheil Shayegh, director of the industrial and planetary carbon cycle programme at the Euro-Mediterranean Center on Climate Change (CMCC), told Carbon Brief the idea behind the conference was to “bring scientists together to convey a message to policymakers about where the technology stands”.

He continued: “We should be very clear that there still are huge uncertainties about the effectiveness of lots of this CDR technology – are they marketable or not? But what is clear for us is the need for CDR.”

Dr Morgan Edwards, the lead author of the recently published “state of CDR report”, told delegates that meeting the Paris Agreement’s 1.5C goal by the end of this century would require CDR to “scale up rapidly” from 2.2bn tonnes of CO2 (GtCO2 per year) today to 8.8GtCO2 by 2050.

She added: “We need to see an upscaling in ambition over the next few years to get on a track consistent with these long-term scenarios.”

Below, Carbon Brief summarises the key talking points at the conference.

Overshoot

The removal of carbon from the atmosphere is seen as crucial to compensate for the emissions from human activities that are difficult to decarbonise – for instance, those generated in aviation and agriculture.

This, scientists have emphasised, must come in addition to steep emissions cuts.

CDR has another role, which is as a mechanism to return average global warming to 1.5C above pre-industrial levels, in the likely event that the Paris Agreement’s temperature target is exceeded.

The Milan conference comes after 2024 was the first single year to breach the 1.5C target and as scientists have projected that the Paris Agreement’s 1.5C target – typically interpreted in terms of a 20-year average – could be exceeded by the end of this decade.

Prof Sabine Fuss, head of research department at the Potsdam Institute for Climate Impact Research (PIK) told Carbon Brief the likely breach of the 1.5C limit means the CDR research agenda was getting “even bigger” as the world would need to contend with “even larger scales” of CDR. She added:

“Some of the things that we were worrying about already in a net-zero context are getting even more pertinent. Also, [we need to think about] what will happen under climate change. A lot of [CDR approaches] may not be super resilient if we’re facing higher temperatures and more disturbances. Think about forests.”

Prof Massimo Tavoni, scientific director of the RFF-CMCC European Institute on Economics and the Environment, described the prospect of returning temperatures to 1.5C with CDR as the “biggest Earth restoration project ever”.

Speaking in the plenary, Tavoni said the concepts of “overshoot” and “CDR” were “closely connected, but not the same thing”.

Broadly speaking, there have been three “phases” of overshoot research, Tavoni said:

  • 1995 to 2005: a period where overshoot was not “seriously considered”, he argued. It was during this period that researchers first explored scenarios that would “now be classified as overshoot pathways” and “set out CO2 removal as a mechanism” for stabilising the climate, he said.
  • 2005 to 2015: the age when “overshoot was discovered”, according to Tavoni. At this time, he said, “[climate] ambition was rising and emissions were also rising, which led to the incorporation of CDR in the models”.
  • 2015 to the present day: an “age of reckoning” where overshoot has become “formally entangled” in the scenarios created by the climate community due to the “absolute need for overshoot and CDR to achieve [temperature] targets in the face of growing CO2 concentration”.

Tavoni noted that all of the new emissions scenarios set out ahead of the seventh phase of the Coupled Model Intercomparison Project (CMIP7) – unveiled in April – exceeded the 1.5C limit.

(CMIP is a global initiative that coordinates the work of dozens of climate modelling centres around the world, recommending a common set of model experiments that can collectively shed light on the climate and how it could change.)

Half of the CMIP7 scenarios, Tavoni said, first “overshoot” the 1.5C goal and then “return back”.

The indicative global temperature rise under these seven scenarios is shown in the chart on the right below.

(For more on CMIP7 and the emissions scenarios, see Carbon Brief’s recent guest post).

The greenhouse gas emissions for each of the CMIP7 climate scenarios (left) and the associated estimated average temperature change from 1850-1900 (right) using the FaIR emulator. Source: Adapted from Van Vuuren et al. (2026)
The greenhouse gas emissions for each of the CMIP7 climate scenarios (left) and the associated estimated average temperature change from 1850-1900 (right) using the FaIR emulator. Source: Adapted from Van Vuuren et al. (2026)

Tavoni noted that there was no “significant relation” across the scenario database between the cumulative CDR levels a scenario assumes and the level of temperature overshoot it would likely cause.

This, he said, is because “many other factors” contribute to CDR uptake, including the policy environment, progress on emissions reduction in different countries and decisions about what types of emissions might constitute “hard-to-abate” or “residual”. He added:

“You can have scenarios with no ‘negative emissions’, but still a lot of CDR for compensating residual emissions.”

A number of sessions at the conference looked at Earth-system response to overshoot pathways with large-scale CDR.

For example, CMCC’s Dr Momme Butenschön presented research looking at how the oceans would respond to “global net-negative emissions” – a hypothetical situation where more carbon is being removed from the atmosphere than is being added through emissions.

He explained that model runs to 2100 show that a decline in global surface temperature would fail to reduce temperatures in the upper layer of the ocean for at least 30-40 years. Ocean temperatures would “stay flat” during this period due to the ocean’s inertia, he said.

The response to negative emissions further down in the ocean would be even slower, he explained to Carbon Brief:

“If you go to the mesopelagic zone – the twilight zone 200-1,000 metres beneath the surface – the ocean will continue to warm and then, after some years, it will flatten out again. [Its temperature] will not go down.

“And, if you go to the deeper ocean, everything – acidification, deoxygenation, warming – they all continue on their path. So the deep ocean doesn’t even realise you are doing negative emissions.”

The researchers behind the project – named RESCUE – have asked for an extension to run the models up to 2300 so they can better understand what the “long-term reaction” of the ocean to negative emissions technologies would be.

Forests

Speaking in a plenary session, Dr Edwards – assistant professor at the University of Wisconsin and lead author of the 2026 state of CDR report – explained that the “vast majority of CDR that is happening today is so-called ‘conventional’ CDR – so, primarily removal of CO2 from forests”.

Edwards was summarising some of the findings of the latest “state of CDR” report, which says that, at present, 99.9% of existing CDR is “conventional”, land-based techniques such as tree-planting.

The world’s forests currently remove 2.2GtCO2 per year, equivalent to around 5% of gross global CO2 emissions, according to the report. It also notes that “high ambition climate scenarios” will require all forms of CDR to reach a median value of 3.9GtCO2 by 2035 and 8.8GtCO2 by 2050.

Edwards said that conventional CDR methods “tend to be well established and have relatively high readiness levels”. Typically, they also have lower costs – “in some cases less than $10 per tonne of CO2” – than “novel” methods.

Experts pointed out repeatedly throughout the conference that CDR methods would need to be diversified for CDR to achieve levels required to meet climate goals, given land-use constraints and concerns around the permanence of carbon stored in forests.

CMCC’s Shayegh said the world would need a “portfolio” of solutions, given the “big trade-offs” involved in different CDR approaches. He explained:

“For forests, for example, to get the scale you need, you have to have lots of managed land for CDR, which means interfering with agriculture. So you will compete with food and biofuel – and it’s not a very easy or efficient way of creating jobs.”

In a research session, Dr Clemens Schwingshackl from LMU Munich noted that CDR from afforestation and reforestation compensated for about 6% of human fossil-fuel emissions between 2014-23.

However, he said that there was “large uncertainty” in calculations of forest-based CDR. Current bookkeeping models and national greenhouse gas inventories – two key methods for estimating levels of forest-based CDR – have uncertainty rates of 20% and 30%, respectively.

“Missing processes” in bookkeeping models include the impact of disturbances on forests, such as fire, as well as information about the effectiveness of afforestation and reforestation projects, he said.

Dr Giacomo Grassi, scientific officer at the European Commission’s Joint Research Centre, noted the differences in the ways “conventional” CDR levels are calculated by countries, the “state of CDR” report and by the Intergovernmental Panel on Climate Change (IPCC).

CDR, he said, “excludes” CO2 uptake that is not directly caused by human activities. However, separating direct human effects on land from indirect human-caused effects – such as the impacts of climate change – cannot be achieved through observations alone and instead relies on models and model assumptions. He explained:

“Because national greenhouse gas inventories typically rely on observations, they include a broader [human-caused] land carbon sink than what is counted as CDR. As a result, conventional land-based CDR cannot be fully tracked in these inventories.”

Grassi illustrated the different approaches to defining CDR by showing the graphic below.

Infographic showing the different definitions of anthropogenic CO2 removals
Credit: Grassi et al. (2023)

Barbara Saget from the Paris School of Economics presented the findings of an exercise where researchers used a “dynamic social planner model” to understand the optimum timing and scaling of nature-based and technological CDR and the extent to which net-zero targets can rely on nature-based CDR.

The research showed that nature-based CDR was needed in the medium-term to offset hard-to-abate emissions and limit reliance on more expensive solutions.

However, the model results showed that, as forests grow, an increasing share of captured CO2 is used to compensate for carbon produced during forest disturbances, rather than human-caused greenhouse gas emissions. Furthermore, in the EU, the issue of tight land availability restricts the expansion of forest-based removals. She explained:

“This theoretical model shows that forests are not reliable in the long-run to offset the hard-to-abate emissions, first because of the release of emissions – this reversal risk – but also because of land constraints. So, we need to rely on technological CDR to compensate for these remaining emissions.”

Other forms of CDR

Other research sessions focused on the challenges, uncertainties and opportunities in scaling in other CDR techniques, sometimes referred to as “novel”, “engineered” or “technological” CDR.

In the opening plenary, Edwards noted that, despite making up less than 0.1% of current levels CDR, “novel” solutions were “growing rapidly”.

She added that “the major scale up of novel CDR that we might need to meet climate goals will likely require substantial cost reductions for these technologies”.

Ashwin Murphy, negative emissions fellow at the Sabin Center for Climate Change Law, explained the various international agreements governing “marine CDR” – a category that includes ocean alkalinity enhancement and direct ocean capture. He said:

“As much promise as marine CDR holds, it also holds the potential for harm, environmental, social and otherwise. The laws that apply to CDR as a whole are unclear, because there are older laws that have been taken out and forced into the CDR framework and that means that they often don’t fit right.

“When a CDR project takes place and for whatever reason there’s an issue – whether it’s environmental harm or otherwise – liability questions are complicated, and there’s not often a clear answer as to what happens next.”

Oumaima Rhalem of Utrecht University described research which looked at the potential of biochar as a CDR technology. She said the findings show that biochar’s potential to tackle climate change depended on a region’s agricultural soils and biomass resources.

In the longer-run, however, she noted that carbon pricing would influence the geography of biochar deployment and would eventually shift biochar from an “agricultural technology” to a “carbon-removal technology”.

Dr Christian Rischer from the Kiel Institute presented findings of a literature review on the CDR potential of blue-carbon ecosystems, such as mangroves, salt marshes, sea grasses and macroalgae.

He said that “low ranges of estimates” suggest these ecosystems currently sequester around 270m tonnes of carbon per year and have a “mitigation potential” of up to 448m tonnes of carbon per year 2050.

Meanwhile, Dr Leon Stephan, a scientist at the Potsdam Institute for Climate Impact Research presented the results of a review of the scientific and “grey” literature – which includes reports, white papers and other evaluations – on monitoring, reporting and verification (MRV) of CDR up to 2023.

He noted an “exponential growth” in the MRV literature, with two-thirds of the 184 publications assessed focused on “conventional” CDR approaches, such as afforestation and deforestation. On the other hand, he said, marine CDR, DACCS and bioenergy and carbon capture and storage (BECCS) were “rarely studied” in the MRV literature. The analysis also showed that terminology and definitions were used inconsistently, he said.

The literature focused largely on the quantification of MRV, followed by monitoring and removal quality, he added, noting that there was “very little” on governance of solutions.

The researchers also conducted an analysis of 60 CDR certification methodologies used to issue credits for 11 CDR methods in the voluntary and compliance carbon markets.

IPCC CDR methodology report

The conference comes as the IPCC gears up to publish a methodology report on CDR technologies in 2027.

The report will be produced by the Task Force on National Greenhouse Gas Inventories, the group responsible for the internationally-agreed methodologies used for countries’ calculation of greenhouse gas emissions and removals.

The European Commission’s Grassi noted the report aims “to provide a consistent methodology that allows countries to report greenhouse gas emissions removal under the UNFCCC [UN Framework Convention on Climate Change]”.

Dr Oliver Geden, senior fellow at the German Institute for International and Security Affairs (SWP) and Working Group III vice-chair for the IPCC’s seventh assessment cycle, tells Carbon Brief the report will bring together experts on CDR methods, as well as specialists on compiling inventories.

He said the methodology report differed from previous climate inventory reports, given that many of the solutions it would be drawing up guidelines for do not yet exist at scale:

“If you look into the guidelines of established processes, like emissions from gasoline use…you don’t have to measure the emissions, you just have statistics about the activity and then you have an emissions factor. It’s an established process.

“The problem with the methodology report is that it is very unusual that you try to regulate things that are not really there yet…So, it can be problematic to come up with ‘standard removal factors’.”

Nevertheless, he said the report was a “start” and signalled that policymakers had started to take CDR beyond forestry seriously.

He added that it will “need to be reworked constantly because experience with what these methods deliver, and under which circumstances, may change”.

Policy

A significant tranche of the conference was focused on how policy could drive uptake of carbon removal solutions.

Speaking in a plenary, Geden presented a table from the “state of CDR” report, which sets out three types of policy that can drive uptake of CDR.

Table outlining the typology for CDR policy assessment that lists policy categories, policy objectives, and examples.
Credit: State of CDR (2026).

Geden said that, at present, there was a “lack of robust demand signals” for CDR. This includes measures such as binding targets, government procurement initiatives and tax incentives for buyers.

The state of CDR report notes that the 140 countries around the world that have announced net-zero targets – including virtually all of the world’s major emitters have “implicitly included a role for CDR in their climate plans”.

However, this does not always translate into measures specifically designed to scale up CDR. Only the EU has adopted a binding, quantified removals target into law – namely, the goal to reach 310m tonnes of CO2 equivalent (GtCO2e) of annual net removals in the land sector by 2030.

In general, conventional CDR is the main focus of policy, according to the state of CDR report, with various governments focusing on tree planting to absorb CO2 from the atmosphere.

Speaking in a plenary at the conference, Fabien Ramos, carbon removal lead at the European Commission, detailed the way the bloc was incorporating carbon removals into its policy, both through its headline carbon targets and via the EU emissions trading scheme (EU ETS).

Ramos said that “carbon removal would have a significant role in the ETS in the future”, noting that the EU will need “lots of carbon removal after 2030” to achieve its 2050 net-zero goal.

Geden told Carbon Brief that net-negative emissions would be the “next frontier for European countries to commit to” if overshoot scenarios were to be successfully realised:

“If you talk about exceeding 1.5C and returning, and you need net-negative [emissions] globally. You don’t get to net-negative globally if nobody even plans to go net-negative individually…Currently, only Denmark has a net-negative target right now. Others will have to follow.”

Lucia Dora Simonelli, from US-based non-profit Carbon Removal Standards Initiative, said it would be important to establish how to “weave” the carbon removal process into existing policies. She said:

“This is not about creating a new CDR policy. This is not about creating climate policy. It’s about truly leveraging existing policy infrastructure.”

PIK’s Fuss similarly told Carbon Brief that one of her key takeaways from the conference was the need to “expand the carbon lens and see what other opportunities we have to mainstream CDR into other policy agendas – so, looking at benefits, for instance, in terms of health or adaptation”.

Dr Steve Smith from the University of Oxford’s Smith School of Enterprise & Environment told Carbon Brief:

“If CDR is to scale to gigatonne levels – as indicated by nearly all global pathways to the Paris Agreement goals – then governments will likely need to introduce markets to create demand for CDR or obligations for it to happen.

“CDR is a public good – like our current waste management systems for sewage – and it’s highly unlikely to happen at that scale through voluntary action alone.”

Societal buy-in

A number of delegates pointed to the need to build societal demand and acceptance for CDR technologies.

Dr Livia Fritz from the University of Geneva presented results of a survey of more than 10,000 people in six countries, focused on three CDR approaches: DACCS, BECCS and enhanced rock weathering. Each respondent was assigned one technology and asked to weigh in on five imagined scenarios of how the solutions would be implemented.

The exercise found that support for CDR hinges on taking “procedural and distributive” fairness “seriously” and opening up planning processes to public and expert scrutiny, she said. It also found that benefit-sharing, as well as not-for-profit arrangements “consistently increase” public support for CDR across all countries and technologies.

Speaking in a plenary, Dr Holly Buck from the University of Buffalo discussed the cultural shift required to enable overshoot scenarios. She explained that a national survey exploring US public opinion about decarbonisation and climate policies – including CDR – had revealed that many members of the US public see the concept of a return to 1.5C from above as “fantastical and implausible”. She said:

“Its not just about social support or acceptance or licence. This sort of industry really requires an active demand or desire for it. It’s not enough to just tolerate [CDR]. It’s not going to work unless there’s a wish that’s felt.”

The post Experts: Why carbon removal needs a ‘major scale up’ to return warming to 1.5C appeared first on Carbon Brief.

Experts: Why carbon removal needs a ‘major scale up’ to return warming to 1.5C

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How Shining a Light on Ships Could Help Solve Illegal Fishing

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Sixteen countries have adopted the Mombasa Declaration to combat illegal, unregulated and unreported fishing. The biggest weapon in their arsenal: transparency.

Mamadou Sarr remembers when an artisanal fisherman in Dakar only had to helm his wooden pirogue a single kilometer offshore to find a rich bounty of sardines and cuttlefish. For generations, Senegal’s near shore was the staging ground for a noble trade passed down from father to son.

How Shining a Light on Ships Could Help Solve Illegal Fishing

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