Background
The CMA 6 adopted the decision on the new collective quantified goal on climate finance and called on all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least USD 1.3 trillion per year by 2035 (Decision 1/CMA6, paragraph 7).
It also decided to launch, under the guidance of the Presidencies of the sixth and seventh sessions of the CMA, in consultation with Parties, the “Baku to Belém Roadmap to 1.3T” (hereinafter referred to as the “Roadmap”), aiming at scaling up climate finance to developing country Parties to support low greenhouse gas emissions and climate-resilient development pathways and implement the nationally determined contributions and national adaptation plans including through grants, concessional and non-debt creating instruments, and measures to create fiscal space, taking into account relevant multilateral initiatives as appropriate. It requested the Presidencies to produce a report summarizing the work as they conclude the work by CMA 7 (Decision 1/CMA.6, paragraph 27).
In response to the mandate provided for in decision 1/CMA.6, the Presidencies of the sixth and seventh sessions of the CMA issued a notification on 21 February 2025 inviting submissions from Parties, constituted bodies, the operating entities of the Financial Mechanism, climate finance institutions, observers and observer organizations, and other stakeholders, particularly from the private sector, on their views in relation to their overall expectations for the Roadmap, topics and thematic issues to inform the Roadmap, country experiences, best practices and lessons learned related to the matters under the Roadmap and relevant multilateral initiatives. The Presidencies also convened virtual consultations with Parties and groups of Parties on their views and expectations on the Roadmap in the beginning of March 2025.
Informed by the submissions received and views expressed during the Party consultations, the Presidencies published a work plan outlining the approach to developing the Roadmap, including structured outreach and engagement with Parties and stakeholders.
In line with the Presidencies’ work plan, two consultations will be convened in conjunction with the 62nd Session of the Subsidiary Bodies to consult with Parties and stakeholders on their views and expectations on the Roadmap:
- Consultation event with Parties
2. Consultation event with stakeholders
Objective
The open-ended consultation event aims to provide space for Parties to engage with the Presidencies in an informal setting, to share their views and priorities on the Roadmap and identify action-oriented solutions that enable the scaling up of finance for climate action to developing countries to at least USD 1.3 trillion per year by 2035. The outcomes of the consultation will inform the development of the Roadmap.
Format
A roundtable setup will facilitate an open dialogue among Parties. Guiding questions prepared by the Presidencies will stimulate and facilitate focused discussions. Representatives of the CMA 6 and CMA 7 Presidencies will moderate the event.
The event will be held in hybrid format and be open to observers. No prior registration is required.
Outputs
A high-level summary under the responsibility of the Presidencies will be made available on the dedicated UNFCCC webpage after the event. The outcomes of the consultation event will have no formal status and will serve to inform the development of the Roadmap.
Provisional Programme
| Time |
Session |
| 20 minutes |
Welcome and opening remarks
- CMA 6 Presidency: H.E. Mukhtar Babayev, COP 29 Presidentbio
- CMA 7 incoming Presidency: H.E. André Aranha Corrêa do Lago, COP 30 President-designatebio
- UNFCCC: Simon Stiell, Executive Secretarybio
|
| 5 minutes |
Organization of work
The CMA 6 and incoming CMA 7 Presidency representatives will provide a brief overview of work undertaken so far and run through the programme of the event.
|
| 150 minutes |
Exchange of views
Participants will be invited to share their views on the following guiding questions:
- Within the scope of the mandate, which specific substantive issues on enabling the scaling up of financing to developing countries for climate action to at least USD 1.3 trillion per year, related to grants, concessional and non-debt creating instruments, and measures to create fiscal space, taking into account relevant multilateral initiatives, should be reflected in the Roadmap?
- What specific actions from both the public and private sector should be undertaken in the short-to-medium-term (e.g. 2 to 5 years)?
- From the identified actions, which actions can be undertaken by Parties and which by other stakeholders?
Note: Parties speaking on behalf of a group are asked to limit their responses to max. 5 minutes. Parties speaking in their national capacity are asked to limit their responses to max. 3 minutes.
|
| 5 minutes |
Next steps and closing
- CMA 6 Presidency: Elmaddin Mehdiyev, Ministry of Finance, Azerbaijan bio
- CMA 7 incoming Presidency: Luiz de Andrade Filho, Ministry of Foreign Affairs, Government of Brazil bio
|