Oil Change International Reacts to the Delayed Adoption of the Agenda at SB62

After two days of attempts to resolve disagreement between countries regarding the agenda for the mid-year climate negotiations in Bonn, negotiators just reached a compromise, meaning that the Bonn talks can officially kick-off.

In response:

Laurie van der Burg, Global Public Finance Campaign Manager at Oil Change International said:

“It can be no surprise that the issue of climate finance resurfaced and has been holding up the talks at the mid-year climate negotiations in Bonn after the climate finance (NCQG) debacle in Baku last year.

“Whether in Bonn or in New York, where the Financing for Development negotiations are currently underway, rich countries are trying to dodge their responsibility to provide public climate finance. While they have caused the climate crisis and continue to drive fossil fuel expansion, they offer nothing more than debt-inducing loans and tell a fairy tale of private finance solving all problems. Today, the developing country negotiating blocks (G77 and China) succeeded in putting the spotlight back on the obligations of rich countries to pay the debt they owe to the Global South. While they are not offered more than consultations now – the topic will come back at COP30 in Belem. The slow start in Bonn is a stark reminder that without a resolve on public finance, there is no climate ambition.”