SB58 Press Briefing: Setting expectations for week two

12 June 2023

Picture credit: UNFCCC webcast

June 12, Bonn: At the start of week two of the Bonn climate conference, speakers at the Climate Action Network press briefing laid out the key issues that must come to the fore of the discussion including on finance as a means to foster trust and ensure that developing countries have the means to implement a just and sustainable phase out from fossil fuels and also have resources for adaptation and to address Loss and Damage.

Teresa Anderson of ActionAid International said: “We all know that the world needs to rapidly move away from fossil fuels if we are to have a chance of meeting the Paris Agreement target to limit global warming to 1.5°C. But ambitious goals require real money. And that’s where the planet’s climate plan is failing.  

“Developing countries say they have had enough of being told to cut their emissions, when the finance they need to scale up green solutions and cope with climate impacts is still nowhere in sight. After all these years of broken promises, developing countries no longer want to take that leap of faith. 

“Almost all talk of climate action comes back to the question of the funding to make things happen. If rich countries don’t contribute their fair share of finance and action, then all of this is moot. COP28 negotiations on a range of issues including the Loss and Damage Fund, the new climate finance goal, adaptation, just transition and the Global Stocktake will need to be backed up with the cash that is so essential to real climate action.”

SPEAKERS:
Teresa Anderson, Global Lead on Climate Justice, ActionAid International
Mariana Paoli, Global Advocacy Lead, Christian Aid
Fernanda Carvalho, Global Policy Lead – Climate and Energy Practice, WWF

Webcast link: https://unfccc.int/event/climate-action-network-can-4

For enquiries contact: Dharini Parthasarathy dparthasarathy@climatenetwork.org / media@climatenetwork.org