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GENEVA, 1 June – Climate negotiations opening today in Bonn, Germany must harness the momentum from February’s talks and start narrowing differences if the Paris deal is to be adopted in six months, IETA says today.
In the two-week meeting, negotiators will tackle the so-called Geneva text for the first time since it was agreed in February. This 90-page text will form the basis of the Paris Agreement in December.
“The meeting in Bonn needs to keep the positive momentum towards Paris going,” says IETA President and CEO Dirk Forrister. “Negotiators have a big task ahead of them to meet the 11 December deadline for the Paris Agreement. Consolidating discussions on carbon markets – which are currently discussed under three negotiating bodies – could aid governments on this process.”
Jeff Swartz, Director of International Policy, adds: “IETA is encouraged that governments are highlighting market-based mechanisms to raise ambition in cutting emissions. We welcome the EU’s new submission, setting out its vision for how markets can be included in the final text, and we look forward to engaging with the EU and other delegations on why markets matter for business.”