High expectations for finance announcements are expected from the United Nations Secretary General’s Climate Summit.

Editor’s Note: The following is an excerpt of an article published to the website Forests Climate Change. The full article can be read here.

The June round of climate negotiations commenced with wide recognition amongst Parties of the need for deeper cuts in greenhouse gas (GHG) emissions and to be accelerating negotiations based on the outcomes of the 5^thAssessment Report (AR5) released by the Intergovernmental Panel on Climate Change (IPCC) this year.

This session was the last opportunity for Parties to meet before the United Nations Secretary General’s Climate Summit, to be held in New York in September – the first time world leaders have met on the issue since the failed 2009 Copenhagen Conference. High expectations for finance announcements are expected from this meeting.

Loud and clear:

Paris Agreement signals need to protect ecosystems and human rights

The June meeting of the UNFCCC Subsidiary Bodies (SBs) and the Ad Hoc Working Group on the Durban Platform(ADP) occurred against the backdrop of the announcement by US President Barak Obama of a 30% reduction in power plant emissions by 2030 and the Green Climate Fund (GCF) completion of the essential elements required for the full operationalization of the fund.

Ministerial meetings took place, from which Parties hoped to gain insights. Emphasis was largely placed on disappointment over lack of ratifications of the Doha Amendments to the Kyoto Protocol (KP) to enable the second commitment period, a stagnation in developed country ambition to cut greenhouse gas emissions and ongoing lack of financial commitments. Many countries spoke of national processes underway for ratification to occur, however no major announcements were made.

The host country for the UNFCCC 20^th Conference of the Parties (COP 20) – Peru – made their presence known. With much support from Least Developed Countries (LDCs) and Small Island Developing States (SIDS), at every opportunity Peru reminded Parties of the urgency to act and set down high expectations for the meeting to be held in December in Lima. The incoming COP President, Minister Manuel Pulgar-Vidal made it clear that he hoped decisions in Lima will be made concerning pre-2020 mitigation, REDD+, GCF capitalisation, intended nationally determined contributions (INDCs) and a draft text for a new climate agreement.

It could be said that the substantive negotiations have commenced. Points of divergence and convergence are beginning to crystallize, which may enable the Parties to undertake their work to reach a durable and future proof agreement.