Climate сhange сonference kicks off in Bonn

Discussions on a number of climate change issues have kicked off in Bonn and will continue over the next ten days.

According to Report, in his opening remarks, Simon Steele, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), emphasized the critical role of financing in combating climate change.

"We have a lot of work ahead of us," Steele stated. "People talk about the architecture of the Paris Agreement, which all countries have agreed upon. It's important to note that the design is complete. Our task now is to fully operationalize this mechanism."

Steele stressed the importance of each component of the Paris Agreement working at full capacity and in harmony, highlighting the significance of adequate financing.

"We need to make serious progress in climate finance. We need more funding and must explore new and innovative financing sources beyond the climate change negotiation process. Additionally, we must move towards improving the carbon market, which can free up more resources for adopting and financing national climate plans," he added.

"Moreover, we must move towards improving the carbon market. This could free up more funds for adopting and financing national climate plans," he said.