In Bonn, the pursuit of elusive climate finance
The Like Minded Developing Nations (LMDC) bloc that includes India had demanded that climate finance as well as trade measures such as the carbon border adjustment mechanism be taken up at the conference. Predictably, the EU and other rich nations and blocs strongly resisted this, delaying the adoption of the agenda for the conference to the second day. Climate finance, more than other differences on climate action being debated by the global community, has become the leitmotif of the limited success at recent climate talks. The developed world resists any binding obligations on quantum, duration, and conditionality of funding that they must provide to the developing nations to undertake necessary climate action.
The window for any meaningful action to contain warming within 1.5 degree C is likely closed (or quite narrow). Generating consensus in a Trumpian world will need reviving trust in multilateral climate action, and the responsibility lies squarely with the developed nations to demonstrate that they are willing to work with developing nations on climate by making greater concessions than they have agreed to in the past and, indeed, working to offset the damage from the US's abdication of climate responsibility. One of the areas where they can demonstrate this is climate financing.As India said earlier this month, without the money, even preliminary climate pledges won't be met, let alone ambitious ones articulated and pursued.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
29 minutes ago
- First Post
Zelenskyy welcomes US offer of security guarantees to Ukraine ahead of Trump meeting
Ukraine's President Volodymyr Zelenskyy on Sunday hailed the decision by Washington to offer security guarantees to Ukraine, speaking a day ahead of his meeting in Washington with US President Donald Trump. Ukrainian President Volodymyr Zelenskyy on Sunday welcomed Washington's move to extend security guarantees to Kyiv, terming it as a crucial step toward safeguarding the country's future. His remarks came on the eve of his scheduled talks in Washington with U.S. President Donald Trump, where the evolving security framework and Ukraine's long-term defence needs are expected to dominate discussions. 'Security guarantees, as a result of our joint work, must really be very practical, delivering protection on land, in the air, and at sea, and must be developed with Europe's participation,' he said on social media. STORY CONTINUES BELOW THIS AD His message came after a video conference earlier Sunday of a group of Ukraine's allies in Europe, including the leaders of Britain, France and Germany. Earlier today, U.S. special envoy Steve Witkoff said that Russian President Vladimir Putin has agreed in principle to allow the United States and its European partners to extend Ukraine a form of collective security guarantee modelled on NATO's Article 5. Speaking on CNN's State of the Union on Sunday, Witkoff described the concession as 'game-changing,' noting that this was the first time Moscow had accepted the possibility of such protections. 'We were able to win the following concession: that the United States could offer Article 5-like protection, which is one of the real reasons Ukraine wants to be in NATO,' he said.
Time of India
29 minutes ago
- Time of India
'Zelensky Has NO Authority': Jeffrey Sachs Rips Ukraine Leader; Urges Trump To Bypass Kyiv On Russia
Zelensky Does It AGAIN! From EU HQ, He Rejects Trump Plan, Lists His Own Conditions For Peace Ukrainian President Volodymyr Zelensky pushed for a ceasefire before a peace deal with Russia, ahead of his meeting tomorrow with US President Donald Trump at the White House in Washington, DC. Speaking alongside the chief of the European Commission, Ursula Von Der Leyen, Zelensky said it is 'impossible' to give up territory under Ukraine's Constitution. He also called on the Russian President Vladimir Putin to end the killings in Ukraine. Watch this video to know more. 747 views | 1 hour ago
Time of India
33 minutes ago
- Time of India
Ukraine must give up land to Russia, Truth Social post amplified by Donald Trump says
US President Donald Trump on Sunday amplified a controversial message on his Truth Social platform that suggested Ukraine should be prepared to surrender some of its land to Russia. The post also cautioned that Kyiv's refusal to do so could result in heavier territorial losses in the future. "Ukraine must be willing to lose some territory to Russia otherwise the longer the war goes on they will keep losing even more land!" the post read. The repost came as US officials and European allies continued intensive talks on possible frameworks for peace. Secretary of State Marco Rubio said on Saturday that American officials had held discussions with national security advisers from several European nations to explore security arrangements for Ukraine that could eventually be presented to Moscow. Rubio, speaking to Fox News, noted that the meeting followed Friday's direct talks between Trump and Russian President Vladimir Putin. He said the discussions had 'narrowed the number of key issues,' citing disputed borders, Ukraine's potential military alliances, and long-term security guarantees as the most pressing matters. 'There's a lot of work that remains,' he added. According to Reuters, sources familiar with the Trump-Putin talks indicated that proposals on the table included Russia giving up small, occupied areas in return for Ukraine formally ceding fortified eastern territory, while freezing the battle lines elsewhere. Live Events Rubio, however, cautioned that neither side could expect a total victory at the negotiating table. 'If one side gets everything they want, that's not a peace deal. It's called surrender, and I don't think this is a war that's going to end anytime soon on the basis of surrender,' he told CNN.
