Crandi

Belém Cop30 Delivers Climate Finance Boost And A Pledge To Plan Fossil

Leo Migdal
-
belém cop30 delivers climate finance boost and a pledge to plan fossil

195 Parties approve the Belém Package, proving that multilateralism can accelerate climate action that benefits people One hundred and ninety-five Parties adopted the Belém Package this afternoon, demonstrating humanity’s resolve to turn urgency into unity, and unity into action in tackling climate change. The 29 decisions approved by consensus include agreements on topics such as just transition, adaptation finance, trade, gender, and technology, renewing the collective commitment to accelerated action, and a climate regime more connected to... “As we leave Belém, this moment must not be remembered as the end of a conference, but as the beginning of a decade of turning the game”, said COP30 President, André Corrêa do Lago. “The spirit we built here does not end with the gavel; it continues in every government meeting, every boardroom and trade union, every classroom, laboratory, forest community, large city, and coastal town.” The approved decisions in the Belém Package include a commitment to triple adaptation finance by 2035, emphasizing the need for developed countries to significantly boost climate finance for developing nations.

Parties concluded the Baku Adaptation Roadmap, which approves and establishes the work for 2026-2028, until the next Global Stocktake of the Paris Agreement. The climate conference is also finalizing a comprehensive set of 59 voluntary, non-prescriptive indicators to track progress under the Global Goal on Adaptation.These indicators span all sectors, including water, food, health, ecosystems, infrastructure, and... A voluntary plan to curb fossil fuels, a goal to triple adaptation finance and new efforts to “strengthen” climate targets have been launched at the COP30 climate summit in Brazil. After all-night negotiations in the Amazonian city of Belém, the Brazilian presidency released a final package termed the “global mutirão” – a name meaning “collective efforts”. It was an attempt to draw together controversial issues that had divided the fortnight of talks, including finance, trade policies and meeting the Paris Agreement’s 1.5C temperature goal. A “mechanism” to help ensure a “just transition” globally and a set of measures to track climate-adaptation efforts were also among COP30’s notable outcomes.

Scores of nations that had backed plans to “transition away” from fossil fuels and “reverse deforestation” instead accepted COP30 president André Corrêa do Lago’s compromise proposal of “roadmaps” outside the formal UN regime. The 30th UN Climate Change Conference of the Parties (COP 30) brought the world to Belém, Brazil, for a negotiating round surrounded by rising climate impacts and growing expectations. After two weeks of talks, countries adopted a bundle of decisions now referred to as the Belém Political Package. Here are five key outcomes of COP 30: Adaptation finance is the funding that helps countries cope with climate impacts already unfolding, such as building flood-resilient roads, improving water storage during droughts or expanding early warning systems. At COP 30, countries indicated that adaptation finance should increase threefold by 2035.

While this is not yet a binding commitment, it is a major political signal. Current funding falls far short of what vulnerable countries need, and impacts are escalating quickly. A clear expectation to scale up resources over the next decade gives international institutions and national governments a direction of travel, even as the details on contributions still need to be negotiated. Countries’ Nationally Determined Commitments (NDCs) while providing progress if implemented are falling short to reach the mitigation necessary to avoid 1.5°C. In an effort to bridge the gap between current climate targets and the 1.5°C goal, the Baku-Belém Political Package establishes two initiatives designed to support nations in strengthening and achieving their commitments. The "Belém Mission to 1.5" aims to encourage higher ambition in national climate plans (NDCs) by fostering dialogue on the necessary international cooperation and investment.

This is complemented by the "Global Implementation Accelerator," a voluntary and cooperative platform intended to assist countries in moving from planning to action, facilitating the practical delivery of mitigation and adaptation measures needed to... One of the summit’s most consequential outcomes was the creation of a just transition mechanism. In line with the Sustainable Development Goals (SDGs), just transition refers to the idea that climate action should not leave anyone behind, particularly communities and workers whose livelihoods depend on fossil fuels or carbon-intensive... It also means giving developing countries the support they need to grow their economies in cleaner, more resilient ways. The new Belém Action Mechanism (BAM) will serve as a platform to coordinate assistance, share best practices, mobilize resources and track progress. Its establishment means that fairness in the global shift toward sustainable economies is no longer only a political slogan but now has a formal home within the UN climate system.

For years, Parties have been trying to define how to measure global progress on adaptation, which is a difficult task considering climate resilience looks different from place to place. COP 30 finally produced an agreed set of indicators for the Global Goal on Adaptation (GGA). These will help evaluate improvements in areas such as water security, food systems, infrastructure resilience, the reach of early warning systems and access to adaptation finance. Negotiations were difficult, and many governments stressed that the indicators will need further refinement, leaving significant work for coming COPs. Still, having a first version in place gives countries a common framework to assess whether adaptation efforts are on track. In a pivotal outcome at COP30 in Belém, Brazil, countries agreed on a sweeping package to scale up climate finance and accelerate implementation of the Paris Agreement - but without a clear commitment to...

“A new economy is rising, while the old polluting one is running out of road.” That was the message from UN climate chief Simon Stiell as COP30 wrapped up following marathon talks on Friday night which stretched into sunrise Saturday - signaling a turning point for climate ambition and... Finance at scale: Mobilise $1.3 trillion annually by 2035 for climate action. Adaptation boost: Double adaptation finance by 2025 and triple by 2035. The UN climate summit has agreed on a deal that does not include a roadmap for the phaseout of fossil fuels. DW has more.

Nearly 200 nations have agreed on a deal after the 30th annual UN climate conference was extended. The European Union had said it would not stand in the way, but denounced the lack of ambition in the draft agreement, which omits any direct mention of phasing out fossil fuels. The summit was extended into Saturday after delegates had failed to seal a deal, with fossil fuels one of the main sticking points. Follow along for the latest news, background and analysis from the COP30 climate conference in Brazil:

People Also Search

195 Parties Approve The Belém Package, Proving That Multilateralism Can

195 Parties approve the Belém Package, proving that multilateralism can accelerate climate action that benefits people One hundred and ninety-five Parties adopted the Belém Package this afternoon, demonstrating humanity’s resolve to turn urgency into unity, and unity into action in tackling climate change. The 29 decisions approved by consensus include agreements on topics such as just transition,...

Parties Concluded The Baku Adaptation Roadmap, Which Approves And Establishes

Parties concluded the Baku Adaptation Roadmap, which approves and establishes the work for 2026-2028, until the next Global Stocktake of the Paris Agreement. The climate conference is also finalizing a comprehensive set of 59 voluntary, non-prescriptive indicators to track progress under the Global Goal on Adaptation.These indicators span all sectors, including water, food, health, ecosystems, inf...

Scores Of Nations That Had Backed Plans To “transition Away”

Scores of nations that had backed plans to “transition away” from fossil fuels and “reverse deforestation” instead accepted COP30 president André Corrêa do Lago’s compromise proposal of “roadmaps” outside the formal UN regime. The 30th UN Climate Change Conference of the Parties (COP 30) brought the world to Belém, Brazil, for a negotiating round surrounded by rising climate impacts and growing ex...

While This Is Not Yet A Binding Commitment, It Is

While this is not yet a binding commitment, it is a major political signal. Current funding falls far short of what vulnerable countries need, and impacts are escalating quickly. A clear expectation to scale up resources over the next decade gives international institutions and national governments a direction of travel, even as the details on contributions still need to be negotiated. Countries’ ...

This Is Complemented By The "Global Implementation Accelerator," A Voluntary

This is complemented by the "Global Implementation Accelerator," a voluntary and cooperative platform intended to assist countries in moving from planning to action, facilitating the practical delivery of mitigation and adaptation measures needed to... One of the summit’s most consequential outcomes was the creation of a just transition mechanism. In line with the Sustainable Development Goals (SD...