No Concrete Result In Bonn Climate Talks Round; Green Climate Fund Can't Even Capitalize - No Money

[hatrack]

BONN (Xinhua) - The third round of United Nations' 2014 climate talks wrapped up in Bonn, Germany, on Saturday, reaching no concrete result and leaving heavy workload to climate conference in Lima, Peru, in December. In the past six days, nearly 1,200 negotiators from 176 countries and organizations gathered in the city which hosts the secretariat of United Nation Framework Convention on Climate Change (UNFCCC) to negotiate on a new agreement addressing climate change, which was planned to be passed at the end of 2015 in Paris and come into force in 2020.

As the last round of negotiation before Lima conference, the climate talks in Bonn failed to reach a concrete conclusion on elements of the 2015 agreement and what should be included in "intended nationally determined contributions" which was requested to be submitted by governments early next year.

What has happened here, according to some negotiators, were "repeating positions" and "brainstorming-type discussion" instead of "real negotiations" over concrete terms and issues line-by-line.

EDIT

Green Climate Fund, a UN bank to provide funds to developing countries for addressing climate change, is still waiting for the money needed for its initial capitalization. The Fund's leader said $10 billion were needed by the end of 2014. Until now, only $2.3 billion was pledged. In Bonn, developing countries said they hadn't yet seen the money that developed countries pledged, which was promised to be raised to $100 billion per year by 2020.

EDIT

http://www.philstar.com/world/2014/10/26/1384667/no-concrete-result-reached-un-climate-talks

[riversedge]

1. This is so depressing

[daleanime]

2. Didn't get much coverage in MSM...

did it?

[Nihil]

3. "Mission accomplished"

> "repeating positions" ... instead of "real negotiations"

And the usual suspects sit back with a sigh, content that Business As Usual has been maintained.