COP30 finance outcomes: Expectations, what was delivered, and the road ahead

In the run-up to COP30 in Belém, expectations were high on the finance front. These included a credible plan to meet the target of USD1.3 trillion from all sources by 2035, the launch of new financing vehicles, and stronger transparency, accountability and institutional reform for climate finance flows. Yet parties made limited progress on scaling up finance, leaving several critical pieces of the climate puzzle unsolved. Foremost being how to mobilise the USD1.3 trillion outlined in the Baku-to-Belém Roadmap.

We look at the five strategic priorities identified by the circle of finance ministers in delivering on the USD1.3 trillion finance goal, the wide-ranging reforms required to meet them, what COP30 ultimately delivered (especially on clean energy transition), and the key issues that remain unaddressed.