India Urges BRICS to Support 'Baku to Belem Roadmap' for Climate Finance

 

Baku to Belem Roadmap for Climate Finance

India has called on BRICS nations to unite in support of the 'Baku to Belem Roadmap', a key initiative aimed at mobilizing USD 1.3 trillion in climate finance annually by 2035 to support countries' Nationally Determined Contributions (NDCs) under the Paris Agreement.

BRICS member States Brazil China Egypt Ethiopia India Iran Russia Indonesia South Africa United Arab Emirates

 

About the Baku to Belem Roadmap

1. The Baku to Belem Roadmap emerged from discussions at the UNFCCC COP29, held in Baku, Azerbaijan.
2. It set a new global finance goal and established a framework to raise ambition for climate finance ahead of COP30, which will take place in Belém, Brazil.
3. The roadmap's primary objective is to scale up climate finance to support developing countries in adopting low greenhouse gas emissions pathways and building climate-resilient development strategies.

 

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