June Climate Meetings Take Modest Steps Forward

At COP28 in the United Arab Emirates last December, Parties agreed measures for the Global Goal on Adaptation which created thematic targets that highlight forward-looking global priorities. 

At the June UN Climate Meetings, Parties took important steps towards indicators in each of these thematic targets which will be inclusive, transparent and scientifically sound.  Notably, Parties made progress on what is needed next, including how these indicators will be decided, as well as technical work ahead. 

As part of the outcome of the Global Stocktake, UN Climate Change is urging Parties to develop National Adaptation Plans (NAPs) by the end of 2025, and to make progress in implementing them by 2030. 

 

Only 58 developing countries have submitted a NAP. The secretariat has asked more countries to have a plan by 2025 and make progress on implementing them by 2030. Over the coming months, UN Climate Change will work directly with countries to accelerate the formulation of NAPs, including through its Regional Collaboration Centres. 

 

Delegates made important strides on key technical aspects of Article 6, including carbon credit authorization, activity scope, the international carbon market registry and more. 

 

Constructive discussions in Bonn clarified positions on Article 6.2 and 6.4 ahead of COP29. Delegates also agreed to hold a workshop to further progress technical work on Article 6.2 and 6.4 ahead of November. As a result, they will be better placed to meet in Baku ready to finalize an outcome and move towards better carbon markets. 

 

In the lead up to COP29, additional work on Article 6.4 will move forward. The UN Body responsible for operationalizing a new global carbon market under the Paris Agreement will meet twice ahead negotiations in Baku, to finalize recommendations on methodologies and emission removals. Feedback gathered from Parties and stakeholders at an engagement event during the June Climate Meetings will be incorporated into these recommendations. 

 

The Supervisory Body also aims to finalize a Sustainable Development Tool in the run up to COP29, to establish environmental and social safeguards. 

 

Completing the remaining elements on Article 6 in Baku will unlock further funding for national climate plans and adaptation. 

The incoming COP Presidency asked Parties to submit their Biennial Transparency Reports (BTRs) ahead of COP29 in Baku. These reports will help Parties build the stronger evidence base for ambition. 

Later this month, UN Climate Change will deliver new Enhanced Transparency Framework reporting tools that integrate tracking of greenhouse gas inventories, action, and support. In partnership with Microsoft, UN Climate Change is also developing a new Climate Data Hub to bring this data to life. 

 

UN Climate Change has already trained more than 1,100 experts from 150 countries, building the capacity of thousands of practitioners, including across other intergovernmental organizations.

 

Training sessions on the new reporting tools will be held in the Africa and Latin American and the Caribbean regions ahead of COP29, as well as at COP29. 

 

Parties are required to deliver their next round of Nationally Determined Contributions (NDCs) early next year, aligned with the 1.5 °C limit, and covering all sectors and all greenhouse gases.