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 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 involves donor governments and the private sector.
- A scheduled update on the roadmap generated high expectations ahead of the pre-COP meeting.
Author's summary: Climate finance roadmap lacks clarity.