{"id":5832,"date":"2025-06-20T13:14:25","date_gmt":"2025-06-20T13:14:25","guid":{"rendered":"https:\/\/www.powershiftafrica.org\/blogs\/day-five-at-bonn"},"modified":"2026-10-28T09:44:48","modified_gmt":"2026-10-28T09:44:48","slug":"day-five-at-bonn","status":"publish","type":"post","link":"https:\/\/powershiftafrica.org\/fr\/blogs\/day-five-at-bonn\/","title":{"rendered":"On day five, A $1.3 trillion test of Climate Finance Ambition stalks SB62 talks in Bonn"},"content":{"rendered":"

BY SAADA MOHAMED<\/strong><\/p>\n\n\n\n

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The \u00a0$1.3 trillion figure for climate finance we have been talking about for more than a year isn\u2019t plucked from the sky. It represents a complementary target to the New Collective Quantified Goal (NCQG), and it\u2019s intended to reflect both the urgency and scale of what\u2019s needed. The idea is that climate finance should no longer be measured in scraps or summit soundbites, but in trillions, and with intention. But even before the conversation began, the process was off to a bumpy start. Several delays in finalising the official SB62 agenda meant the B2B consultations were postponed more than once. So when the doors finally opened for this session in Bonn, there was more than a little pent-up energy in the room.<\/p>\n\n\n\n

What\u2019s at stake here?<\/strong><\/p>\n\n\n\n

Climate finance has long been the Achilles\u2019 heel of climate talks. The previous promise of $100 billion per year, first made in 2009 and only recently (and questionably) fulfilled, left a trail of mistrust. Now, with the bar raised to $1.3 trillion, expectations are high but fragile. The UNFCCC Executive Secretary Simon Stiell minced no words, saying: \u201cClimate finance is neither a favour nor charity but an investment in global stability.\u201d He made clear that concessional and grant finance must form the backbone of the B2B roadmap, not just debt-inducing loans or private sector pledges with strings attached.<\/p>\n\n\n\n

The Global South has questions<\/strong><\/p>\n\n\n\n

The developing countries in the room were sharp and direct. First, they cautioned that the $1.3 trillion figure should not be treated as a distant aspiration or feel-good target, but must be the\u00a0baseline<\/em>. A starting point. Something to build upon as science and climate impacts evolve. More importantly, they insisted that the roadmap be rooted in\u00a0inclusiveness, transparency,<\/em>\u00a0and the principles of\u00a0common but differentiated responsibilities and respective capabilities (CBDR-RC)<\/em>. The concern is that without a fair burden-sharing framework among developed countries, the roadmap could quietly shift responsibility back to the most vulnerable, the very people who did the least to cause the crisis.<\/p>\n\n\n\n

Can we survive business-as-usual theatrics?<\/strong><\/p>\n\n\n\n

The discussions also spotlighted something often swept under the rug at climate talks: the structural barriers in the global financial system. High cost of capital, lack of fiscal space, and a labyrinth of access requirements have all acted as silent saboteurs of climate action in the Global South. The room echoed with calls for the B2B roadmap to confront these \u201cdis-enablers\u201d head-on. That means:<\/p>\n\n\n\n