Climate 411

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Climate Finance, Unlocked: Takeaways from the Baku to Belém Roadmap

Windmills in New Zealand

Getty Images

By Zach Cohen, Policy & Research Manager, Global Engagement & Partnerships 

Yesterday’s release of the Baku to Belém Roadmap – issued by the COP29 and COP30 Presidencies – offers a clear and comprehensive pathway to rapidly scaling climate finance to developing countries over the next decade toward the $1.3 trillion goal agreed last November. With COP30 emphasizing implementation, we’re assessing how the Roadmap will help governments, the private sector, financiers, and communities move from planning to delivery. 

EDF participated in the consultation process for the Roadmap, providing recommendations through multiple submissions. Here’s what stands out, and where coordination and ambition will matter most in the months ahead:  Read More »

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Article 6 At A Glance: A Decade of Progress and What’s Next

Aerial forest landscape photo

Johnny Lye. iStock

By Pedro Martins Barata

The world needs every effective tool to cut pollution quickly and fairly – and Article 6 is one of them. It’s the Paris Agreement’s framework for countries to cooperate through carbon markets.  

Over the past decade, carbon markets and carbon credit integrity have significantly increased, rules have aligned, and this UN carbon crediting system has officially come online. This year in Belém, COP30 isn’t about renegotiating those rules; it’s about making them work – and making sure nature is part of the picture so finance reaches the people and ecosystems that can deliver near-term climate wins.  Read More »

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Two voices, one opportunity: Choosing climate action over crisis at COP30

COP30 Belem 2025

Photo: UN Climate Change/ Lara Murillo

By Angela Churie Kallhauge

The upcoming United Nations climate negotiations, COP30 in Belém, Brazil, is a milestone moment to reflect on progress made and the path ahead. It’s undeniable that the journey to a climate-resilient world has been turbulent, especially as we wrestle with the reality of political pushback, disengagement, and finance shortfalls faced in several countries.  

This year, in particular, has delivered a barrage of mixed messages that make the path ahead feel fractured. 

In one ear, we hear loud, often politically charged distraction. Climate deniers actively push back on climate policies under the guise of economic prosperity. 

But in the other ear, we hear opportunity. While that negative voice appears louder, the other, the voice of opportunity, is more robust.  

In spite of the headwinds, that voice of opportunity is backed up by reality. And by clear scientific and economic evidence: The economic case for climate action has never been stronger.  For example, there is more investment in clean energy than ever before. Renewable energy is forecast to meet over 90 percent of the global electricity demand growth through 2030. 

What’s more is that this voice is not singular, but rather a chorus of voices belonging to a whole-of-society effort — not just governments, but communities and companies, Indigenous Peoples and investors — coming together to seize the opportunity. Public opinion remains strongly in support, with 80 percent of people globally and 66 percent of people in the United States welcoming stronger climate action.  In the private sector, a review of 75 top companies showed that 53 percent are holding firm to their climate commitments and 32 percent are expanding their efforts. For the first time, over 1,000 Indigenous Peoples are accredited to join COP30.  

The question for all of us is: Which voice do we choose to hear? Do we listen to the unsubstantiated defender of the status quo, or the voices from across society acting on the evidence that climate action is the biggest opportunity of our lifetime?  

At EDF, our choice is clear: we need to amplify the voices of those who see the opportunity of climate action – businesses, communities, and civil society alike – to galvanize governments negotiating at COP30 to boost their ambition and champion true solutions 

Here are the major issues we’ll be watching at the COP:
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COP30 in Brazil Must Deliver for Nature and Forests – And the Stakes Have Never Been Higher

By Roselyn Fosuah Adjei  

Roselyn is a senior expert in REDD+, forest governance, and climate policy and a Distinguished Humphrey Fellow of the U.S State Department. She currently serves as a Senior Advisor to EDF’s Forests team. 

Waterfall in tropical rainforest

Photo: Leslie Von Pless/ EDF

Most of us working in nature conservation think of the quickly approaching COP30 in Belém, Brazil, as the “Nature COP.”

The last time that title was used was at COP26 in Glasgow — a post-pandemic gathering that re-energized climate action after a year of global lockdowns. Glasgow gave birth to the Lowering Emission’s by Accelerating Forest Finance (LEAF) Coalition’s first Letters of Intent with tropical forest countries, signaling unprecedented forest-finance momentum in the voluntary carbon market through an unusual blend of public and private finance. It also saw the launch of the Glasgow Leaders’ Declaration on Forests and Land Use, endorsed by over 140 countries pledging to halt and reverse forest loss by 2030, and the UK-led Forest, Agriculture and Commodity Trade (FACT) Dialogue, which charted a path toward deforestation-free commodity supply chains.  

But even with these gains, the world has been falling short in recognizing and financing nature’s role in sustaining a livable planet.  

Read More »

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Financing Forest Conservation: Guiding Quality Forest Finance in the Baku to Belém Roadmap

Aerial view of a Costa Rican rainforest. Flickr/ Francisco Guerrero 2020

By Mark Moroge and Zach Cohen 

At this November’s UN Climate Conference in Belém, progress on climate finance will be measured not just in pledges, but in delivery – including for forests, which are critical to regulating the climate, sustaining biodiversity, and supporting millions of people. The driving question: how do we get more money to the people conserving critical ecosystems at the speed and scale needed to make a difference? 

Last year’s climate conference in Baku set an ambitious goal to mobilize $1.3 trillion by 2035 for developing countries. Over the coming months, countries will provide inputs on a ‘Baku to Belém Roadmap’, guiding public and private sectors to deliver on this target. While scaling climate finance is essential, so is ensuring its quality. Strengthening the affordability, accessibility, and effectiveness of climate funding must be priorities to catalyze transformative action. 

As the Baku to Belém Roadmap takes shape, these principles of quality cannot just be abstractions – they need to be translated within specific sectors and contexts. This is especially true for the forest sector, where stakeholders face underlying barriers to securing the financing they need, and where there are ripe opportunities to unlock new resources, from leveraging public money to catalyze private investment, to deploying innovative models like the Tropical Forests Forever Facility.  Read More »

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