Climate Finance Roadmap Remains Unclear
Ahead of COP30, officials and civil society groups expressed disappointment over the lack of detail on the "Baku to Belém Roadmap to 1.3T" at the pre-COP meeting in Brazil.
The roadmap aims to raise $1.3 trillion of climate finance a year by 2035, building on a core commitment of $300 million annually for developing countries.
- The initiative was launched as part of the new climate finance goal (NCQG) agreed at COP29.
- The roadmap will require funding from all sources, including the private sector.
Little was understood at COP29 in Baku about what the roadmap would entail, but some clarity emerged at June’s mid-year talks in Bonn.
Author's summary: Climate finance roadmap lacks clarity ahead of COP30.
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