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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Bonn climate meeting agrees on funding after long night of talks

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Bonn: Top-level talks on climate change in the western German city of Bonn proved fruitful as officials attending the two-week conference agreed on funding after a night of drawn-out negotiations.


Officials representing 195 nations, from major industrial power houses to tiny island states, agreed on various funding issues at the end of session that lasted until Saturday morning.


The participating countries cleared the way for the Adaptation Fund,which was established as part of the Kyoto Protocol in 2001 to finance projects in developing countries, to become part of the 2015 Paris accord.


The fund provides financial assistance to developing countries which are vulnerable to the effects of climate change.


How to finance projects for poor countries to cope with global warming was a main sticking point at the talks.


The delegations attending the conference drafted rules to implement the Paris accord, including how CO2 emissions are to be measured and reported in the future.


The key aim of the meeting had been to give fresh momentum to implementing the Paris accord on reducing CO2 emissions after US President Donald Trump’s withdrawal from the landmark agreement.


Patricia Espinosa, the UN’s climate chief since 2016, said that the Bonn conference had shown that the fight against climate change remained “an unstoppable movement” despite the US withdrawal.


Berlin co-hosted the Bonn conference with the Pacific island state of Fiji. Along with Kiribati, Tuvalu and the Marshall Islands, Fiji faces an existential threat from global warming as water levels rise.— dpa


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