Disagreement on REDD finance at the “stalemate” climate negotiations in Bonn
Last year, emissions of carbon dioxide increased by 3.2% to 31.6 billion tonnes, according to figures released by the International Energy Agency. Faith Birol, IEA’s chief economist told Reuters that, “[T]he trend is perfectly in line with a temperature increase of 6 degrees Celsius (by 2050), which would have devastating consequences for the planet.”
You wouldn’t know that from the UN climate negotiations that took place in Bonn from 14 to 25 May 2012. “There is a total stalemate,” said Artur Runge-Metzger, the chief negotiator for the European Union.
Of course this is nothing new. But previously when there was little or no progress in climate meetings REDD proponents could point to REDD and claim that at least some progress was made. But after the Bonn meetings, even that wasn’t possible.
Finance was one of the items on the REDD agenda in Bonn. On 19 May 2012, a spin-off group under the Ad Hoc Working Group on Long term Cooperative Action (AWG-LCA) met to discuss how REDD should be financed. Third World Network produced detailed notes of the meeting, posted in full.
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