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🗞️ Driving the news: The UN's climate chief, Simon Stiell, expressed disappointment over the lack of progress at midyear climate talks in Bonn, Germany, which are crucial for the upcoming COP29 summit in November

🔭 The context: Stiell highlighted that many critical issues, especially climate finance, remain unresolved
• Disagreements persist on how wealthy nations should fund clean energy and climate adaptation for developing countries

🌍 Why it matters for the planet: Effective climate finance is essential to support developing countries in mitigating and adapting to climate change, which is crucial for achieving global climate goals

⏭️ What's next: Delegates need to deliver clear options and a substantive framework for a draft decision by COP29 in Baku, Azerbaijan, to reach ambitious outcomes

💬 One quote: "We've left ourselves with a very steep mountain to climb to achieve ambitious outcomes," Simon Stiell said at the conclusion of the Bonn meetings

📈 One stat: Developing countries need over $2 trillion annually by 2030 to cope with climate change

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