
"Ten years after the Paris Agreement, the world's climate negotiators will gather in Belém, Brazil, this November for COP 30, a summit many are calling a critical juncture for global climate action. Rebecca Thissen, Global Advocacy Leader for Climate Action Network International, joins Sustainability In Your Ear to unpack what's really at stake in Belém. With a background in International Public Law and years in the trenches of climate justice advocacy, Thissen works at the intersection of finance, economics, and climate action to ensure money flows where it's needed most. With a background in International Public Law and years in the trenches of climate justice advocacy, Thissen works at the intersection of finance, economics,"
"After COP 29 in Baku ended with what developing nations called a woefully inadequate $300 billion annual commitment-far short of the $1.3 trillion economists say is needed-can multilateral climate negotiations still deliver the justice and transformation the climate crisis demands? And with 71% of climate finance currently provided as loans rather than grants, how is the debt crisis crushing developing countries' ability to invest in climate action?"
COP30 will convene in Belém, Brazil, as a pivotal moment for international climate action and finance. Key agenda items include a just transition work program, Brazil's Tropical Forests Forever Facility, and implications of the International Court of Justice ruling on climate obligations. Recent commitments remain far below needs, with COP29 yielding about $300 billion annually versus an estimated $1.3 trillion requirement. Seventy-one percent of climate finance is delivered as loans, exacerbating debt burdens and constraining developing countries' investment capacity. Only 10% of countries submitted updated nationally determined contributions. Climate Action Network represents nearly 2,000 organizations across 130 countries and provides daily COP coverage via its ECO newsletter.
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