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STATEMENT: WRI Says “Faster Pace” Needed in Global Climate Talks

BONN/WASHINGTON (June 11, 2015)—The latest round of climate negotiations concluded in Bonn, Germany today. Negotiators made progress toward a global climate deal, but a faster pace is needed leading up the Paris climate conference in December 2015.

Following is a statement from Jennifer Morgan, Global Director, Climate Program, World Resources Institute:

“This week, strong signals were sent for ambitious climate action from outside the negotiations, but they did not inspire a faster pace in Bonn. “From the historic G7 pledge to decarbonize the global economy and insure communities from climate disasters to Norway’s divesting $8 billion from coal, momentum is growing ahead of the Paris climate talks. Morocco and Ethiopia—joined by nearly 40 other countries–released their climate plans, showing that they too are committed to tackling climate change.

“Yet the modest progress made in Bonn did not match the significant action taking place around the world.

“Encouragingly, co-chairs were empowered to produce a more coherent and streamlined text so they will be ready to hit the ground running at the next negotiating session in August. Before then, country ministers must use every opportunity to ramp up action.”

Following is a statement from Athena Ballesteros, Director, Finance Center, World Resources Institute:

“After two weeks of discussions, there remains much to do to cut the finance text down to a workable size. While G7 leaders reaffirmed their commitment to mobilize $100 billion a year in climate finance by 2020, donor countries have yet to elaborate how they will meet this goal.

“As negotiators head back to their capitals, they need to focus on converging around a robust finance package to deliver in Paris. This package should include establishing regular cycles to scale up funding over time, closing the finance gap on adaptation, and sending a clear message that all investments be oriented towards achieving the 2 degree goal and building climate resilience.”

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