Climate talks stalemate: Troika must now propel both climate finance and action

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The Bonn Climate Change Conference has ended in stalemate on increasing urgent mitigation action by 2030 amidst strong criticism of the deep polarisation that has stalled progress on climate finance. Greenpeace International’s Climate Politics Expert Tracy Carty said: “Rich developed countries talked at length about what they can’t commit to and who else should pay, but failed to assure developing nations on their intent to significantly scale up financial support.

A key way to do that is to tax the fossil fuel companies and other high emitting sectors.“The gridlock of negotiations on 2030 mitigation ambition is alarming. People around the world expect better – emissions are surging and delay is costing lives. “The Troika of Presidencies, UAE, Azerbaijan and Brazil must redouble their efforts on the road to COP29 to ensure success in Baku.

 

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