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Roadmap to mobilise climate funds unveiled

Hindustan Times Uttarakhand

November 06, 2025

{ 'BAKU TO BELEM PLAN’ } AHEAD OF COP30

- Jayashree Nandi

The Brazilian COP30 and Azerbaijan COP29 Presidencies have released the much-awaited report on the ‘Baku To Belem Roadmap To USD 1.3T’ which documents how to deliver $13 trillion annually for developing countries from all international sources by 2035.

It isa key issue for India because India had led a fierce pushback against the underwhelming finance deal at COP29 in Baku last year. The COP29 deal set a climate finance goal of “at least $300 billion per year by 2035” and launched the “Baku to Belém Roadmap to 1.3T.” However, India identified specific problems that could fundamentally alter climate finance obligations. Italso said the sum proposed for NCQGis too less and would be delivered very late.

Now, the Baku to Belem Roadmap to 1.3 T identifies five action fronts on finance - Replenishing, Rebalancing, Rechanneling, Revamping, and Reshaping (5R) to deliver the 1.3 T by 2035 with USD 300 billion being a part of the overall goal.

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