Baku to Belém to 1.3T Roadmap
In November 2025, the COP29 and COP30 Presidents launched the Baku to Belém Roadmap to US$1.3 Trillion, a collective call to turn ambition into action and accelerate the global mobilization of climate finance. The Roadmap is now entering a decisive phase: advancing its implementation in close collaboration with governments, financial institutions, experts, civil society, and the UNFCCC Secretariat.
In 2026, the work focuses on strengthening the analytical foundations and data needed to guide investments and drive visible progress across the five action areas, known as the 5Rs:
Replenishing grants, concessional finance, and low-cost capital;
Rebalancing fiscal space and debt sustainability;
Redirecting private finance and reducing the cost of capital;
Revamping capacity and coordination for climate portfolios at scale;
Reshaping systems and structures for equitable capital flows.
Among the key priorities for 2026 is the continued mobilization of public and private actors. The Presidency will also support the development of a global monitoring framework to track progress in climate finance mobilization, identify bottlenecks, and highlight emerging solutions.
This effort will help clarify the quantitative pathways and policy measures needed for different sources of finance—national and international, public and private—to contribute coherently toward achieving the goal of mobilizing US$1.3 trillion per year by 2035, as agreed by Parties in Belém. Expanding the availability, comparability, and interoperability of climate finance data will be an essential component of this agenda.
Implementation of the Roadmap will continue through an ongoing process of international engagement, including participation in the IMF and World Bank Spring Meetings in April, the UNFCCC Regional Climate Weeks, the 64th session of the UNFCCC Subsidiary Bodies in June, and other major global climate and finance events throughout the year. In partnership with the World Resources Institute (WRI), the Independent High-Level Expert Group on Climate Finance (IHLEG), Climate Policy Initiative, and many other organizations, the COP30 Presidency is convening dialogues to translate the Roadmap's priorities into concrete commitments, strengthening accountability and advancing implementation.
With this integrated agenda—implementation, robust analytical foundations, and sustained engagement—the Baku to Belém Roadmap to US$1.3T is entering its consolidation phase, laying the groundwork for the first implementation update, based on measurable progress, to be presented at COP31.
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