Climate Finance Roadmap Remains Unclear
Ahead of COP30, a climate finance roadmap 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 on the "Baku to Belém Roadmap to 1.3T" initiative.
- 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.
Despite high expectations, the update on the roadmap provided scant details, leaving many questions unanswered.
Author's summary: Climate finance roadmap to $1.3 trillion remains unclear ahead of COP30.