Overview

• The Bonn session produced only technical clarifications and lacked agreement on climate finance and greenhouse gas reduction targets, leaving major disputes unresolved
• Developing countries are pressing for $1.3 trillion in annual climate finance by 2035, far above the $300 billion pledged under the 2023 Baku deal
• Countries responsible for 79 percent of global emissions have missed the February deadline to submit updated national climate plans, with only 23 plans received so far
• UN Climate Chief Simon Stiell warned that the remaining carbon budget for limiting warming to 1.5 °C will be exhausted in three years at current emission rates
• Political obstacles emerged as Germany cut its development aid budget and the US skipped the Bonn conference for the first time in over 30 years