From: Georgiadis Pavlos, The Ecologist, More from this Affiliate
Published May 23, 2016 07:15 AM

UN Climate negotiations update - how to raise and allocate $100 billion

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 historyIndia 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.

As the international community prepares for November’s COP22 in Morocco, this is the first round of technical discussions following COP21 in December, which resulted in an historic agreement signed by almost 200 nations. And as the dust settles after the victory of the Paris Agreement, the burning questions now concern its implementation.

The negotiations started last week with a plenary welcomed by COP president Ségolène Royal, who replaced Laurent Fabius. Christiana Figueres, outgoing UNFCCC Executive Secretary, reminded everyone to put human rights at the centre of development. While the incoming COP22 president Salaheddine Mezouar said that the upcoming COP in Marrakech will be one of actions, emphasising the importance of preparing ‘the roadmap’ to mobilise $100bn by the year 2020. On Wednesday, the UN Secretary General, Ban Ki-Moon officially announced the appointment of Patricia Espinosa of Mexico to the UNFCCC Executive Secretary.

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