According to the study, nine EMEs will require $2.2 trillion in climate finance to decarbonise key sectors Nine emerging markets economies (EMEs) constituting G20 (Argentina, Brazil, China, India, Indonesia, Mexico, the Russian Federation,South Africa, and Türkiye) will require $2.2 trillion in climate finance between 2022 and 2030 to decarbonise their key sectors like power, road transport, cement, and steel sectors. These findings come from the report titled “ Climate Finan

The Belém Climate Summit will be held from November 6–7 With less than a week remaining for the United Nations annual climate conference COP30, things are heating up, literally and otherwise. Before countries convene at Belem, in the northern Brazilian state of Para, other promising meets and events are hogging the spotlight. The Belém Climate Summit, to be held from November 6–7, will see heads of state and government, ministers, and leaders of international organisations co

Only 64 of 195 parties to the Paris Agreement have updated their nationally determined contributions (NDCs) in an effort  to limit global temperature rise. China and India have yet to formally submit their updates, while doubts loom over whether the US will honour commitments made under the previous administration, HT reported.   The newspaper explained that even the limited submissions, covering just 30% of global emissions in 2019, project that global emissions will fall by

As Brazil pushes for a global forum linking climate and trade, India stands at a crossroads — resist new carbon rules or reshape them to reflect equity and development The Brazilian COP30 presidency’s push to institutionalise an Integrated Forum on Climate and Trade marks a turning point in international climate diplomacy. This also brings India at a historic crossroads. The emerging coalition of global powers—the European Union, China, and Brazil—signals an irreversible mo

Developing countries, excluding China, account for less than 15% of global climate finance flows. Enhancing flows to these countries will drive the next wave of global energy and material demand The leadership of the upcoming COP30, being hosted in Brazil, has signalled that implementation will be the mantra of COP30 to advance the multilateral climate agenda which has emerged over a decade of negotiations. At its core lies a critical and overdue task: delivering on the high

The climate finance target set at COP29 highlights ambition, but bridging the gap demands political leadership and structural innovation, not just funding pledges, writes Labanya Prakash Jena $2.3 to $2.5 trillion – this is the amount of capital Emerging Markets and Developing Countries (EMDCs), excluding China, need per annum to meet their climate goals, according to the Independent High Level Expert Group (IHLEG). By 2035, that figure will climb to $3.2 trillion annually, w

The report finds that adaptation could add up to 15% GDP in certain vulnerable states by 2050 compared to current policies. A new report found that targeted climate and nature resilience investment could create over 280 million additional jobs in emerging markets and developing economies by 2035, while boosting GDP and unlocking a trillion-dollar market opportunity.  The report titled “Returns on Resilience” was released ahead of COP30 by a consortium of 20 leading adaptatio

The report shifts the climate finance debate from how much money to how it flows When Brazil’s Ministry of Finance released the COP30 Circle of Finance Ministers Report  on Wednesday, it didn’t sound like another diplomatic exercise. It reads like a climate finance manual. The report marks a shift from negotiating money to designing systems. Instead of debating how much, it focuses on how — through structural reforms that could make future pledges usable, traceable and fair.

This is an abridged version of the interview first published in Chinese in Initium Media on April 7, 2025. The full interview in English can be found here in the substack Crunch Times.  Editor’s Note This interview with Tasneem Essop, Executive Director of Climate Action Network (CAN) International, was conducted by Chinese journalist JIANG Yifan in late January 2025, just after COP29 ended in Baku. As countries prepare for COP30 in Belém, Brazil, CarbonCopy is publishing it