Baku to Belém Roadmap Signals a New Era: Unlocking $1.3 Trillion a Year for Climate Action by 2035

Speaking at COP30 in Belém, Brazil, UN Climate Change Executive Secretary Simon Stiell underscored the urgency and feasibility of mobilizing $1.3 trillion annually by 2035 to accelerate global climate action.

Addressing ministers, partners, and climate leaders, Stiell emphasized that the Baku to Belém Roadmap stands as a robust confidence signal—mapping out practical pathways for funding climate solutions at scale.

Grounding Climate Ambition in Real Economic Realities

Stiell lauded the Circle of Finance Ministers for anchoring the roadmap in the realities of national budgets and economic management. Their contribution, he said, has given clarity on how the world can realistically meet massive financing needs without derailing economic stability.

• Increase grants, reduce debt burdens, expand fiscal space

• Deploy innovative financial tools that attract private investment

• Ensure finance reaches local actors, from small businesses to frontline communities

These measures, he stressed, define how to “make the engine run faster and fairer.”

Finance: The Non-Negotiable Foundation of Climate Action

Stiell delivered a blunt reminder: without scaled-up finance, climate action simply will not happen. Only flows of this magnitude can drive meaningful implementation and ensure that climate action continues to align with business logic and long-term economic resilience.

A Moment of High Stakes—and Immense Opportunity

While the challenges are clear, Stiell urged global leaders to focus on the enormous opportunities ahead. By aligning commitment with action, and ambition with execution, he said countries can rewrite the trajectory of global climate cooperation.

A New Chapter Begins in the Amazon

Standing in Belém—at the heart of the Amazon—Stiell called this moment a turning point. COP30, he emphasized, marks the start of a deeper, more grounded era of cooperation:

“Let’s connect ambition to delivery, and commitments to action… bringing our process closer to the real economy, with fair and accessible finance that turns plans into progress.”

The message was unmistakable: the roadmap is ready, the tools are clear, and the window to act is now.