COP31 could serve as a critical turning point for concrete decisions on climate finance and just transition issues discussed during the recent Bonn Climate Change Conference, according to Professor Alp Erinç Yeldan of Kadir Has University.

Türkiye will host the 31st Conference of the Parties (COP31) to the U.N. Framework Convention on Climate Change, the year’s most significant climate summit, in Antalya in November.

The Bonn Climate Change Conference, seen as a preparatory meeting for COP31, was held in Germany on June 8-18.

Speaking to Anadolu Agency (AA), Yeldan, a faculty member in the Department of Economics at Kadir Has University’s Faculty of Economics, Administrative and Social Sciences, said climate finance and the transformation of the financial sector emerged as key issues in Bonn and are expected to dominate discussions at COP31.

Yeldan said climate summits have increasingly shifted their focus toward the financial sector in recent years.