CGIAR Climate Impact Platform 347d ago

At COP29 in Baku, Azerbaijan, Parties agreed on a New Collective Quantified Goal (NCQG) to enhance climate finance for developing countries. Developed countries committed to mobilizing at least $300 billion annually by 2035, aiming to scale up total financing—including public and private sources—to $1.3 trillion per year also by 2035. This agreement, while an increase from the previous $100 billion target, has had mixed reactions. Many Parties and organizations argue that the pledged amount falls short of the estimated $1.3 trillion needed annually by 2030 to effectively address climate challenges. Looking ahead to COP30 in Belém, Brazil, discussions are expected to focus on developing a detailed roadmap—the "Baku to Belém Roadmap to $1.3 T"—to achieve financing goals. Given its vulnerability to climate change and its role in global emissions, ensuring that the food and agriculture sector receives adequate support is essential for building resilience and promoting sustainable practices. In this fire chat global experts will join us to discuss the COP29 outcomes, anticipate the agenda for COP30, and explore strategies to effectively incorporate the food and agriculture sector into the challenging climate finance scenario expected for the upcoming years. Speakers • Haseeb Bakhtary, Lead Consultant at Climate Focus • Giulia Maria Galbiati, Natural Resources Officer at the Office of Climate Change and Coordinator of the FAST Partnership Task Force at FAO. • Pedro Chilambe, Researcher on Climate Finance and Co-lead of the Global Finance and Investments Research Area at the Alliance of Bioversity International & CIAT's Climate Action Lever. • Moderator: James Stapleton, Senior Strategic Advisor for Advocacy for Impact, CGIAR.