Climate Finance Roadmap Remains Unclear
Ahead of COP30, officials and civil society groups expressed disappointment at the lack of detail on the "Baku to Belém Roadmap to 1.3T" at the pre-COP meeting in Brazil.
The roadmap aims to scale up climate finance to $1.3 trillion annually by 2035, building on a commitment to raise $300 million for developing countries.
- The initiative was launched as part of the new climate finance goal (NCQG) agreed at COP29.
- The roadmap will include funding from all sources, including the private sector.
The "Baku to Belém Roadmap to 1.3T" generated high expectations ahead of the pre-COP meeting in Brazil.
Author's summary: Climate finance roadmap lacks clarity ahead of COP30.