Legacy Mechanisms, New Expectations: A Perspective on the Baku to Belem Roadmap to 1.3T

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Legacy Mechanisms, New Expectations: A Perspective on the Baku to Belem Roadmap to 1.3T

The recently released report “Report on the Baku to Belem Roadmap to 1.3T” (henceforth referred to as the Roadmap), prepared as part of the COP29 and COP30 Presidencies, is framed as an action-oriented consolidation of existing initiatives and potential leverage points within the international climate finance system. The report realistically acknowledges the tension between its ambition to provide a coherent, systemic guide and the unresolved nature of the political agreements necessary to implement major components of its five action fronts. [Read more…]