Background
Decision 1/CMA.6 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".
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”, 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; also requested the Presidencies to produce a report summarizing the work as they conclude the work by CMA 7".
The COP 29 Presidency and COP 30 incoming Presidency will co-convene the following events at SB62
| Event Title |
Date and Time |
Venue (World Conference Center Bonn, Germany) |
|
Open consultation event with Parties on the Baku to Belém Roadmap to 1.3 T
|
Monday, 16 June 2025
14:00 – 17:00 CEST
|
GENF
|
|
Open consultation event with non-Party stakeholders on the Baku to Belém Roadmap to 1.3 T
|
Thursday, 19 June 2025
10:00 – 12:00 CEST
|
Plenary New York |
Baku to Belém Roadmap to 1.3T: Work Plan
The CMA 6 and CMA 7 Presidencies developed a workplan which presents their approach to the organization of work on the development of the Roadmap. The work plan can be accessed here.