Tag

Klimafinanzen

Climate financing: Brazil aims to form a coalition of the willing

At the Bonn interim climate conference, new ideas emerged on climate finance. COP30 host Brazil is pushing forward with “coalitions of the willing”. Whether these efforts will raise the necessary funds quickly remains highly uncertain. Yet 2025 will be a pivotal year for global climate financing.

By Nico Beckert

NCQG adopted: USD 300 billion and a roadmap to Belém

After a dramatic day in Baku, COP29 ended with an agreement on a new climate finance target – known as the NCQG. Industrialized countries are to increase their annual payments to developing countries to USD 300 billion by 2035, but emerging countries will also contribute. This was followed by a hail of criticism.

By Lukas Knigge