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Italian climate network

ELECTIONS IN BRAZIL 2022: A KEY CLIMATE EVENT

Since Jair Bolsonaro assumed Brazil's presidency in 2019, the foreign policy of South America's largest country has traced the style of its leader. Instead, during these two weeks of intermediate negotiations here in Bonn, there has been a change in attitude on the part of the Brazilian delegation, with negotiators making constructive interventions on more than one occasion instead of engaging in the usual stonewalling. Brasilia seems to have cut its diplomats some slack, so it begs the question of what is the reason for this change in approach, which is almost disquieting when one considers the total dissonance with what is happening in Brazil on a daily basis. The most probable reason is the uncertainty surrounding the looming national elections in October, which probably does not allow for further "headaches" to be added to the country's already tense domestic situation.

GLASGOW CLIMATE DIALOGUES: NO PROGRESS ON LOSS AND DAMAGE

There seems to have been no progress in finding common solutions between the conventionally defined countries of the global south and north, visions diverge profoundly, and the discussion so far has been dominated by insurance approaches to the problem. The difficulty in managing the losses and damages caused by climate change impacts with funds that should be distributed as needed with an insurance system stem from the very nature of insurance contracts, which are based on the likelihood of something happening or not happening, not allowing for insurance of something that has already happened or has already been damaged.

EMISSIONS MARKETS: WHAT IS TRADED ON

At the Bonn interim negotiations, there is also talk of how to continue in the practical development of what is provided for in Article 6 of the Paris Agreement. Article 6 provides a three-pronged framework for cooperative approaches among countries to achieve the goal of containing the rise in global average temperatures. A very technical part of the Paris Agreement, difficult for most observers to follow but with, potentially, a major impact on the world's major industrial supply chains.

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