COP21 goes

COP21 goes

Editorial Staff
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The first session of the UN negotiations on climate change in Bonn has taken stock on the first initiatives for collecting funds to launch the sustainable development projects intended for developing countries. Over $450 million already allocated

A long, complex path, but one that seems to be headed towards the solid achievement of the predetermined goals. This, in summary, is the final message of the first global session on climate negotiations, promoted by the United Nations, which concluded in Bonn, the seat of the UNFCCC, on May 26 and which was the first official engagement following the ratification of the COP 21 agreement on climate change made in Paris. The international funding system has been set in motion to collect $100 billion per year, by 2020, aimed at supporting developing countries on the path towards sustainable progress and containing CO2 emissions. Two of the main channels have already been activated: the Green Climate Fund (GCF) and the Global Environment Facility (GEF). The leaders of the GCF have informed delegates that the aim has been established to provide approximately $2.5 billion by 2016, in support of projects to mitigate harmful emissions, urging countries to come forward with ambitious plans to be funded with these resources.