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COP30: The missed turn to implementation – and the coalitions moving ahead anyway

COP30 concluded with an agreement, proving that multilateralism is still alive. However, the results are underwhelming: no push to transition away from fossil fuels, no decision on deforestation, and mixed outcomes on adaptation metrics.  On climate finance, Belém failed to shift from ambition to implementation. Negotiations quickly drifted back to a battle on yet another high-level quantitative target. The decision to triple adaptation funding by 2035 disappointed many, with its distant time horizon, lack of baseline and non-binding wording. COP30 also missed the opportunity to engage with – and build consensus around – concrete measures outlined in the Baku to Belém roadmap to get to $1.3 trillion. Instead, it defaulted to launching new processes – a work programme on climate finance and a ministerial roundtable on the NCQG.  

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I4CE – Institute for Climate Economics, is a non-profit research organization that provides independent policy analysis on climate change mitigation and adaptation. We promote climate policies that are effective, efficient and socially-fair.

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I4CE is a non-profit research organization that provides independent policy analysis on climate change mitigation and adaptation. We promote climate policies that are effective, efficient and socially-fair.

Our 40 experts engage with national and local governments, the European Union, international financial institutions, civil society organizations and the media. 

Our work covers three key transitions – energy, agriculture, forest – and addresses six economic challenges: investment, public finance, carbon pricing, development finance, financial regulation and carbon certification.  

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