Here is what to expect at Bonn on climate mitigation

Subject: Environment

Section: International Convention

Mitigation at COP27:

Mitigation — the act of reducing greenhouse gas emissions so as to prevent further global warming — is a crucial pillar of climate action, covering entire economic sectors from power, industry, and transport, to even forests and land.
The COP27 outcome document instead reiterated previous calls “towards the phasedown of unabated coal power and phase-out of inefficient fossil fuel subsidies” and also called for a just transition to renewable energy.
Just Energy Transition:
- The issue of a “just energy transition” gained traction at COP27 as well, since Indonesia announced at the parallel G20 summit, that it would be a recipient of about $20 billion in starter funding through a Just Energy Partnership (JET-P) deal to reduce its coal dependence.
Unequal distribution of finances:
- Most of the increase in clean energy investment between 2019 and 2023 taking place in China, the US and the EU.
- Poor and vulnerable countries are not seeing a clean energy boom in line with their needs.
- About 97 per cent of South Africa’s $8.5 billion JET-P package comprised of loans.

Efforts from private sector:

The First Movers Coalition — a voluntary alliance of companies “using their purchasing power to create early markets for innovative clean technologies across eight hard to abate sectors”.
They announced the joining of the cement and concrete sectors to the coalition.
The group pledged to purchase at least 10 per cent of near-zero carbon cement and concrete by 2030 and also committed $12 billion to scale up green technologies and cut emissions.

Mitigation work programme:

Setup in 2021 at UNFCCC forum.
Objective: ‘work programme for urgently scaling up mitigation ambition and implementation.
It was proposed to address the insufficiency of Nationally Determined Contributions (NDC), and bridge the gap by increasing ambition in pledges to cut emissions.
Should bie guided by the principle of Common But Differentiated Responsibilities- Respected Capabilities (CBDR-RC).
It should not be a replication of Global Stocktake.