UN Climate negotiations update - how to raise and allocate $100 billion
May 23, 2016 07:15 AM - Georgiadis Pavlos, The Ecologist
The UN intersessional negotiations on climate change (UNFCCC) which started in Bonn last week enter their second week with the big question - how to find and allocate by 2020 the $100bn as agreed in the Paris Agreement. Delegate Pavlos Georgiadis reports.
The burning question for week two of these negotiations is how to raise and allocate the $100bn agreed as part of the Paris Agreement
The first week of the negotiations started slowly, and ended even slower. Negotiators look like they still have some sort of bad hangover, thanks to the fact they are still celebrating the Paris agreement. And while discussions take place inside the UN building in Bonn, Sri Lanka tries to recover from the worst floods in its history, India reports the hottest day every recorded in the countryand Carbon Brief warn that we only have five years until the 1,5°C carbon budget is blown.