Strengthening Climate Finance Delivery: The Path from Brazil’s G20 Presidency to COP30

This executive summary details a high-level roundtable convened on March 1, 2024, to establish a climate finance dialogue agenda during Brazil's G20 presidency. The document outlines a roadmap for Brazil to leverage its leadership in the G20, BRICS, and COP30 to reform the international financial architecture, promote 'country platforms' for investment, and address gaps in adaptation and nature finance to support Emerging Markets and Developing Economies (EMDEs).

• Climate finance is currently insufficient and unfairly distributed, representing only 1% of global GDP, with the majority concentrated in China and developed economies. This creates a significant challenge for Emerging Markets and Developing Economies (EMDEs), which are most affected by the climate crisis but receive the least finance and face debt and fiscal crises that limit their ability to leverage private capital.
• Brazil has a strategic window over the next three years to lead global climate action through its presidencies of the G20 (2024), BRICS (2025), and COP30. Brazil can specifically influence the next round of Nationally Determined Contributions (NDCs) to ensure they are economy-wide transition plans aligned with the 1.5ºC goal and implemented via country platforms.
• Reform of the international financial architecture is a priority, specifically moving from recommendations to the implementation of Multilateral Development Bank (MDB) reforms to scale up adaptation and mitigation investments. Additionally, the document suggests the International Monetary Fund (IMF) should reform its operating model to allow for faster disbursement timelines and a larger scale of financial support, particularly for vulnerable countries facing liquidity crises.
• The document advocates for 'country platforms'—government-led collaborative approaches involving NGOs, CSOs, and private investors—to turn NDCs into bankable investment plans. Brazil is encouraged to lead by example by structuring its NDC and Ecological Transformation Plan through such a platform by the start of 2025.
• There is a critical need to address the widening global adaptation funding gap, as adaptation finance currently represents only a small fraction of total climate finance and relies heavily on the public sector. The G20 is identified as a venue where Brazil can introduce adaptation into the agenda and promote innovative private finance mechanisms like green bonds and blended finance.
• Brazil is positioned to advance nature finance and the bioeconomy due to its role in the Brazilian Amazon biome and its potential for land restoration and reforestation. Proposed strategies include carbon markets, nature-based solutions, and advanced carbon capture technologies.
• The document highlights the 'cost of inaction,' noting that failing to maintain a 1.5°C trajectory will lead to economic losses in labor, agriculture, and tourism, as well as increased healthcare spending. It suggests the G20 should quantify these potential losses to drive the mobilization of resources.
• International taxation is identified as a scalable source of funding for climate action. Brazil is encouraged to facilitate the inclusion of this topic in the G20 agenda to combat tax evasion and correct international taxation inequalities, following a Task Force launched by France, Kenya, and Barbados at COP28.

APA

Climate Policy Initiative (2024). Strengthening Climate Finance Delivery: The Path from Brazil’s G20 Presidency to COP30. https://www.climatepolicyinitiative.org/publication/strengthening-climate-finance-delivery-the-path-from-brazils-g20-presidency-to-cop30/

Chicago

Climate Policy Initiative. Strengthening Climate Finance Delivery: The Path from Brazil’s G20 Presidency to COP30. 2024. https://www.climatepolicyinitiative.org/publication/strengthening-climate-finance-delivery-the-path-from-brazils-g20-presidency-to-cop30/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Strengthening Climate Finance Delivery: The Path from Brazil’s G20 Presidency to COP30 |date=12 April 2024 |url=https://www.climatepolicyinitiative.org/publication/strengthening-climate-finance-delivery-the-path-from-brazils-g20-presidency-to-cop30/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2024strengthening, author = {{Climate Policy Initiative}}, title = {{Strengthening Climate Finance Delivery: The Path from Brazil’s G20 Presidency to COP30}}, institution = {Climate Policy Initiative}, year = {2024}, month = apr, url = {https://www.climatepolicyinitiative.org/publication/strengthening-climate-finance-delivery-the-path-from-brazils-g20-presidency-to-cop30/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }