Climate Finance Roadmap Remains Unclear
Ahead of COP30, a roadmap to scale up climate finance for developing countries to $1.3 trillion by 2035 remains unclear.
At the pre-COP meeting in Brazil, officials and civil society groups expressed disappointment over a lack of detail and limited discussion on the "Baku to Belém Roadmap to 1.3T".
The roadmap aims to raise $1.3 trillion annually by 2035, building on a commitment to provide $300 million annually to developing countries.
- The roadmap was launched as part of the new climate finance goal (NCQG) agreed at COP29.
- It aims to raise funds 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 to $1.3 trillion by 2035 lacks clarity.
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