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 core commitment of $300 million from donor governments for developing countries.
The roadmap would entail raising $1.3 trillion of climate finance a year by 2035, including $300 million annually from donor governments.
- The initiative was launched as part of the new climate finance goal (NCQG) agreed at COP29.
- Limited opportunities were available to discuss the roadmap at the pre-COP meeting in Brazil.
Author's summary: Climate finance roadmap lacks clarity ahead of COP30.