Representatives from nearly 200 countries have traveled to the city of Bonn, six months after Glasgow hosted COP26 for crucial climate talks. But the talks, which lasted two weeks, ended amid fury from developing countries who pleaded for more money to deal with the impacts of climate change, something caused mostly by wealthier countries.
At COP26, the climate summit held in Glasgow in November, island states and developing countries agreed to prioritize cutting carbon emissions in exchange for wealthier nations compensating them finally for the process this year.
Alex Scott of E3G, an environmental think tank, said: ‘The compromise was based on the understanding that countries would be ready to start talking and making decisions about how to get this finance flowing for loss and damage. .”
But during the talks, discussions on funding for the upcoming COP27 conference in Sharm el-Sheikh, Egypt, in November, were completely absent.
Harjeet Singh, from Climate Action Network International, said: “The EU has consistently blocked discussions on financing loss and damage in Bonn.
“The past two weeks have exposed his hypocritical stance, with big countries like Germany sourcing new fossil fuels from abroad while refusing to support developing countries facing the devastation of climate-induced superstorms and rising seas.”
He added: “If the EU is to become a climate champion, it must align itself with the most vulnerable in their fight for justice.”
Others also felt disappointed.
Alden Meyer, Senior Partner at E3G, said: “It’s not about a lack of money. It’s a question of priorities.
“And if you say the climate is an existential crisis, and yet you consider other things far more important in terms of where you put your money, that doesn’t go unnoticed.”
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The representative of Antigua and Barbados, speaking on behalf of the Alliance of Small Island States (AOSIS), said, “We are disappointed with the lack of substantial progress”.
He added that countries are still waiting for reassurance that “the funding we need now will be provided quickly, or anytime by 2025.”
Zambia, which participated in the talks on behalf of Africa, also felt “concerned about the lack of progress”.
It comes after it was revealed that the EU had missed its target of spending 20% of its pre-2020 budget on tackling climate change after claiming it had achieved the target.
In fact, the bloc missed its target by at least €72bn (£62bn) and spent just 13% of the budget on it.
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And the bloc’s REPowerEU strategy, while a plot detailing how to sabotage energy ties with Vladimir Putin, also includes plans to explore importing gas from alternative countries such as countries in the Middle East.
This despite pledging to achieve net-zero emissions by 2050, with critics saying it shouldn’t be looking for more gas if it is to stick to its climate targets.
But also detailing in the plan to wean off Russian gas is a huge driver for more renewable energy sources, claiming to be a plan to “accelerate the green transition”.
The EU describes this as “a massive scale-up and acceleration of renewable energy in power generation, industry, buildings and transport”.