Context

In Baku, Parties agreed a new collective quantified goal on climate finance (NCQG) of at least USD 300 billion per year by 2035 for developing countries, with developed countries taking the lead. They also called on all actors to work together to enable the scaling up of financing to developing countries from all public and private sources to at least USD 1.3 trillion per year by 2035.[1] The same decision launched the Baku to Belém Roadmap to 1.3T, aimed at scaling up climate finance to developing countries including through grants, concessional and non-debt-creating instruments and measures to create fiscal space. At COP30, Parties took note of the Roadmap and decided to urgently advance actions to enable the scaling up of financing to at least USD 1.3 trillion per year by 2035.[2]

The financing required remains well beyond current flows. Costed needs in the NDCs of 98 developing countries amount to between USD 5.0 and 6.9 trillion up to 2030. At the same time, MDBs have significantly scaled-up their own climate finance. In 2025, MDB climate finance in low- and middle-income economies rose 21 per cent to a record USD 103 billion, having doubled over five years, with adaptation finance up 31 per cent to USD 35 billion. MDBs report that they are on track to meet their COP29 projections of USD 120 billion per year by 2030, including USD 42 billion for adaptation, alongside USD 65 billion a year mobilized from the private sector.[3] Much of this finance is provided as loans, alongside grants, guarantees and equity, which makes the terms of finance, and how risk is shared, central to whether it expands or constrains countries’ fiscal space.

Behind these figures are projects, for example in energy –  grid modernization for renewable energy integration and storage, or resilience – managing climate impacts -and other sectors, that are creating on-the-ground impact in developing countries. Aggregate numbers, however, say little about how those results were achieved: how a programme or project was developed or structured, how they address national development and climate priorities, how they align with public investment frameworks and investment planning, how risk was shared among partners and what this meant for public budgets and debt. This special event puts those real-world examples at the center, asking what has worked, how it worked, and how similar efforts can be replicated and scaled up in support of the NCQG.

Purpose and Format

The special event will bring together MDBs, guarantee providers, developing country governments and project owners for a practical, example-led discussion. Each panelist will bring one concrete example, such as a programme, projector risk-sharing arrangement, and explain how it came together, what made it work and what would help replicate it elsewhere.

The special event is an informal exchange of experience. It is without prejudice to the positions of Parties and to deliberations under the Convention and the Paris Agreement and is not intended to set new targets or establish new commitments.

The event will be followed by an informal networking session with light refreshments.

Objective

The special event aims to:

• Showcase real-world examples of national programmes or projects and risk-sharing arrangements that are addressing climate priorities and creating on-the-ground impact in developing countries;
• Unpack how these results were achieved, including how programmes or projects were developed, structured, how they address national development and climate priorities, how they align with climate priorities and how risk sharing was structured;
• Explore how MDBs and the wider finance community can replicate and scale up what has worked in support of the NCQG.

The special event is not intended to set new targets or establish new commitments.

Provisional Agenda