Climate Finance Roadmap Remains Unclear
Ahead of COP30, the details of the climate finance roadmap to reach $1.3 trillion by 2035 remain 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" initiative.
- The initiative aims to raise $1.3 trillion of climate finance annually by 2035.
- The roadmap 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 lacks clarity ahead of COP30.
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