.jpg)
UNFCCC Secretariat officials engage in consultations at the podium while as plenary is suspended. (Photo: IISD/ENB - Kiara Worth)
The Bonn Climate Conference (SB62), regarded as a key preparatory meeting ahead of the United Nations Climate Change Conference (COP30) in November, concluded on June 26. Nearly 200 countries agreed to increase the UN climate budget by 10% over the next two years.
However, on Article 6.4 of the Paris Agreement, the overseeing body decided that carbon credits under this mechanism cannot be used for offsetting emissions, potentially discouraging corporate participation in carbon credit development.
UN climate budget to increase by 10%, U.S. covers the largest share
Under the United Nations Framework Convention on Climate Change (UNFCCC), the Bonn technical meeting is held in June to build consensus ahead of the main climate summit. Despite the absence of the U.S. government, due to former President Donald Trump’s refusal to acknowledge climate change, most countries continued to send delegates for discussions.
