This post was co-authored by Julia Ilhardt, High Meadows Fellow at Environmental Defense Fund
![](https://blogs.edf.org/climate411/wp-content/uploads/sites/7/2022/06/48078727978_9c18394111_k-1024x604.jpg)
Opening Plenary of Subsidiary Body for Implementation (SBI), 2019 climate negotiations in Bonn, Germany. UNclimatechange via Flickr.
Next week, climate negotiators will begin two weeks of meetings in Bonn, Germany to make progress on a full slate of issues—from carbon markets and finance to adaptation and loss and damage—before November’s global climate talks.
At these mid-year negotiating sessions, negotiators will continue to elaborate rules for international carbon markets, kick off dialogues on the global stocktake, and start work on critical processes to address the impacts of the climate crisis, among other things. They will build on the work completed at COP26 in Glasgow last year, and the results will give us an indication of what the upcoming COP27 negotiations in Sharm el-Sheikh, Egypt will look like.
1. Elaborate rules needed to “operationalize” international carbon markets
At COP26 in Glasgow—after six years of difficult, technical negotiations—countries delivered a strong Paris Agreement rulebook for international cooperation through carbon markets. These rules will give countries the tools they need for environmental integrity and ultimately clear a path to get private capital flowing to developing countries.