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
After a long delay and tough negotiations, COP29 ended early Sunday morning in Baku. A financial target was agreed upon, with the industrialized countries promising a sum of USD 300 billion by 2035. However, in other areas, progress only means preventing regression.
By Bernhard Pötter
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
Time is running out on the new climate finance target. Negotiations are tough. A high-level panel of experts sets out the urgency and need for more climate financing. While Sweden pledges a large sum, Azerbaijan has to put a climate fund on hold for the time being.
By Nico Beckert
