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 raise $1.3 trillion of climate finance a year by 2035, building on a commitment to raise $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 include funding from all sources, including the private sector.
The "Baku to Belém Roadmap to 1.3T" has generated high expectations, but little is understood about its details.
Author's summary: Climate finance roadmap lacks clarity ahead of COP30.