Several countries’ national determined contributions (NDCs) highlight climate finance as a precondition for the ambitious action needed to achieve development paths compatible with limiting global warming to 1.5°C in 2100. Many hopes have been pinned on new market mechanisms in this context, but the trade-offs demanded by carbon trading schemes continued to be hotly debated at the UNFCCC last week, not least due to their political and economic implications. Laima Eicke reports
A few days before the EU Summit, climate diplomats are gathering in Bonn to agree on rules for trading CO2 certificates and financial mechanisms designed to support developing countries, two agenda items from the Paris Agreement that remain unresolved. Florence Schulz, author from EURACTIV Germany reports.