Finance Dispute Stalls Adaptation Goal Work at Bonn Talks
A dispute over adaptation finance is blocking progress on the Global Goal on Adaptation (GGA) at the Bonn climate talks, according to Climate Home News. Governments could not agree on Wednesday night whether a new draft text should serve as a basis for negotiations.
A central task at Bonn is to agree on how to put into practice the indicators for the GGA, which governments redrafted at the end of COP30 after years of work by experts, Climate Home News reported.
The stalemate centers on finance. Developing countries are demanding that the COP30 agreement to triple adaptation finance by 2035 be referenced in the GGA agreement at Bonn, according to Climate Home News. Most developed countries oppose the move, having long wanted to keep the GGA and finance separate.
Bethan Laughlin from the Zoological Society of London said restating the tripling goal in the GGA text sends an important political signal on the widening adaptation finance gap and helps maintain pressure on developed countries to scale up their support, according to Climate Home News.
The indicators under discussion include the number of people per 100,000 covered by early warning systems and the proportion of the population vulnerable to climate change with access to mental health and psychosocial support, Climate Home News reported.
Source: climatechangenews.com (opens in a new tab)1 sourcePermalink