Key Achievements of the Delegates
Increased Funding: Countries agreed to mobilize $1.3 trillion each year by 2035 to support climate actions, with developed nations taking the primary responsibility.
Support for Adaptation: Funding for adaptation is planned to be doubled by 2025 and tripled by 2035.
Fund for Damage Compensation: Mechanisms for its operation and replenishment were confirmed.
New Initiatives: Launch of the Global Accelerator for Implementation and the establishment of the Belém Mission aimed at keeping warming within 1.5 degrees Celsius, which will assist countries in implementing their climate plans.
Combating Climate Misinformation: A commitment was made to disseminate reliable information and counter false narratives.
The statement notes that the decisions made emphasize global solidarity and set ambitious financial goals. However, the lack of discussion on transitioning to clean energy sources in the final document raises serious concerns, especially among participants from South America and the European Union, as well as among civil society representatives. The burning of fossil fuels remains the primary source of greenhouse gas emissions, which in turn is a key factor in global warming.
A recent UN report warns that, in the context of record greenhouse gas emissions growth, it will be extremely difficult to keep global warming within 1.5 degrees without temporarily exceeding the established goals of the Paris Agreement.
The next climate summit, COP31, will take place in 2026 in Turkey.
