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 the lack of detail and limited discussion on the "Baku to Belém Roadmap to 1.3T".
- The roadmap aims to raise $1.3 trillion of climate finance a year by 2035.
- It builds on a commitment for donor governments to raise $300 million annually for developing countries by 2035.
The roadmap is part of the new climate finance goal (NCQG) agreed at COP29.
Author's summary: Climate finance roadmap to $1.3 trillion remains unclear ahead of COP30.