The Fourth International Financing for Development Conference (FfD4) in Seville will convene critical discussions about how to reshape the global financial architecture in an era of converging crises. As we grapple with persistent development challenges and the escalating impacts of climate change, this conference presents a vital moment to re-evaluate how climate and development finance intersect. Read More
Climate 411
At the Financing for Development Conference, an opportunity to make climate and development finance go further
Jalisco’s Path to High-Integrity Jurisdictional Climate Finance: A Model for Climate Action and Territorial Justice
This post was authored by Edgar Godoy, Associate Vice President for Jurisdictional Alliances, and Paola Bauche, Secretary of Environment and Territorial Development, State of Jalisco, Mexico.
As the urgency of the climate crisis intensifies, jurisdictional REDD+ approaches have emerged as a scalable, equitable, and results-based solution for tackling deforestation and forest degradation. In Mexico, the State of Jalisco stands out as a subnational leader, having developed and begun implementing a jurisdictional REDD+ model rooted in long-term vision, institutional strength, and a strong commitment to forest communities’ rights. In its role as strategic partner to the Government of Jalisco, Environmental Defense Fund has been providing targeted technical assistance, supporting the development of emissions baselines and safeguard frameworks, and bolstering Jalisco’s alignment with international best practices in high-integrity carbon markets.
With over 4 million hectares of forest cover, representing more than 50% of its territory, Jalisco’s forests are critical for biodiversity conservation, climate regulation, and the livelihoods of hundreds of communal land communities, called ejidos, and Indigenous communities. The state’s REDD+ Strategy, developed through inclusive, participatory processes, links forest conservation, restoration, land-use planning, and sustainable rural development. It aligns with Mexico’s national REDD+ framework and the country’s commitments under the Paris Agreement.
Bonn 2025: Charting the Path to COP30 and Enhanced Climate Action
Next week, the international climate community will convene in Bonn for the 62nd session of the UNFCCC Subsidiary Bodies (June 16-26, 2025), or SB62. SB62 marks a critical milestone on the road to COP30 in Belém, Brazil, shaping the preparation and setting the stage for the negotiations.
The meetings in Bonn will be guided by a central principle set by COP30 Presidency: the idea of “global mutirão,” the power of collective action to achieve goals no single actor can accomplish alone. Brazil has launched this initiative to identify common ground across regions and sectors, finding areas of convergence that can drive ambitious climate action forward. The Presidency has underscored the urgent need for this collaborative approach, particularly at SB62, to rebuild the multilateral trust strained during COP29 and by widening geopolitical rifts.
Answering the global call for climate action, the Environmental Defense Fund (EDF) is putting the spirit of “mutirão” into practice. At its core, EDF’s “mutirão” is already in our DNA. We play a unique role working with partners and allies across society – from local communities, major companies, Indigenous Peoples, governments and more – to find the shared goals that lead to groundbreaking solutions. Embracing collaboration and partnership has led us to impactful wins for planet and people: from supporting Indigenous Peoples’ participation in UN spaces to conserve forests, to gathering national oil companies together under an ambitious goal to slash methane emissions. Our commitment to this inclusive approach is essential for rebuilding the global trust needed for swift, fair, and ambitious climate action that delivers.
Here are the thematic issues and topics EDF will be actively engaged in during SB62:
Cap-and-invest program continues to drive down climate pollution and raise investments in Washington state
Results were released today for Washington’s second cap-and-invest auction of the year, administered last Wednesday by the Department of Ecology (Ecology). During the auction, participating entities submitted their bids for allowances. Under the Climate Commitment Act — Washington’s landmark climate law that sets a binding, declining limit on pollution — major emitters in Washington are required to hold one allowance for every ton of greenhouse gas they emit, with the total number of allowances decreasing each year. This system requires Washington’s polluters to reduce their emissions in line with the state’s climate targets, as fewer allowances become available annually.
Despite lower revenue due to program uncertainty, a stronger, long-term Cap and Trade promises to strengthen investments in California
Results were released today for California’s second cap-and-trade auction of the year, and the first auction since Governor Newsom proposed extending California’s cap-and-trade program through 2045 as part of his May budget proposal. As California lawmakers consider the future of the cap-and-trade program, they face a pivotal opportunity to deliver real and lasting benefits to communities across the state. At stake is not only California’s continued leadership on climate, but also the potential to unlock major economic and affordability gains for Californians.
Three signs solar radiation modification research is moving in the right direction
It’s been a consequential month for research on solar radiation modification (SRM). And while there has been a lot of news lately that’s concerning to those of us working in climate, it’s important to celebrate progress in fundamental areas: advancing public research and creating more global connections across the SRM research community.