Bonn Climate Conference 2024 Concludes in Bonn, Germany

Newsdesk:

The 60th session of the UNFCCC Subsidiary Bodies (SB60), also known as the Bonn Climate Change Conference, aimed to pave the way for COP29 by tackling critical issues related to climate action. Discussions centered on:Establishing guidelines for carbon markets under the Paris Agreement Articles 6.2 and 6.4, which remained unresolved at COP28.The New Collective Quantified Goal (NCQG) on climate finance for developing countries, as mandated by the Paris Agreement.

However, major sticking points persisted, with developing nations calling for increased grant-based and concessional financing, while developed countries proposed including certain developing countries in the contributor base, citing “new economic realities.”