COP30 Presidency outlines pathways that could mobilize over US$1.3 trillion annually in climate finance for developing countries
In the COP30 , Parties decided "to urgently advance actions to enable the scaling up of climate finance for developing countries, from all public and private sources, to at least US$1.3 trillion per year by 2035". The Roadmap and the newest report can serve as a reference for this stage of accelerated implementation
Antalya, November 8, 2026 — The COP30 Presidency has presented the report Implementing the Baku to Belém Roadmap to 1.3T, showing that concrete financial pathways and policy interventions could scale climate finance for developing countries between US$1.27 and US$1.41 trillion annually by 2035. The report builds on the Baku to Belém Roadmap to 1.3T, which the COP29 and COP30 Presidencies presented jointly in November 2025.
The 2026 report shows that the global financing goal is within reach if governments, financial institutions and investors take the necessary measures. It focuses on six sources (concessional finance, private investments, South-South cooperation, Special Drawing Rights channeling, innovative mechanisms and carbon markets) that together contribute to the 1.3 trillion target. Under business-as-usual scenarios, international climate finance would reach only US$458 to US$461 billion per year by 2035.
The 2025 Baku to Belém Roadmap to 1.3T established five interconnected action fronts for scaling climate finance (Replenishing; Rebalancing; Rechanneling; Revamping; Reshaping), with over 75 suggested measures. It also indicated that a larger body of evidence was needed on concrete estimates of how different sources of finance could contribute towards the at-least-1.3T goal.
In the COP30 Global Mutirão Decision, Parties decided “to urgently advance actions to enable the scaling up of climate finance for developing countries, from all public and private sources, to at least US$1.3 trillion per year by 2035”. The Roadmap and the newest report can serve as a reference for this stage of accelerated implementation.
A new framework to coordinate action and measure results
To support implementation of the 2025 Roadmap, the Report also introduces the 5x5 Implementation Framework, developed alongside the Independent High-Level Expert Group on Climate Finance, which connects the Roadmap's five financial action fronts with major investment priorities. The framework is organized around three mutually reinforcing pillars: country-led investment; coalitions to accelerate key transitions; and delivering the US$1.3 trillion capital stack.
To facilitate the monitoring of the Roadmap, the report introduces the Climate Finance Action Compass, updating tools by the Climate Policy Initiative (CPI) to support regular monitoring of progress across the international climate finance system. It examines four dimensions — Scale, Speed, Reach and Impact — assessing whether finance is growing fast enough and at the dimension required, reaching the countries and sectors that need it most, and translating into measurable climate and development outcomes.
The approach seeks to make better use of existing information and create a shared understanding of where progress is occurring and where additional intervention is required.
From Baku and Belém to Antalya: financing the implementation agenda
The Report arrives as the international community prepares to launch the second Global Stocktake of the Paris Agreement at COP31 in Antalya, Türkiye. It also connects to the COP30 Presidency's two recently published International Roadmaps on transitioning away from fossil fuels in energy systems and halting and reversing deforestation and forest degradation by 2030. Together, the three documents address complementary dimensions of global climate implementation.
In the report's foreword, COP30 President Ambassador André Corrêa do Lago writes that “the evidence exists, the instruments are known”, emphasizing that governments, central banks, development banks and investors already have many of the tools necessary to act.
The Presidency calls for greater cooperation within and beyond the UNFCCC, connecting the work of governments, multilateral financial institutions, regulators, investors and civil society through the spirit of the Global Mutirão launched in Belém.
Read the full Report: COP30 Presidency: Implementing the Baku to Belém Roadmap to 1.3T