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

The document provides a roadmap for Brazil to lead international efforts in reforming the global financial architecture, promoting country platforms for investment, and addressing gaps in adaptation and nature finance. It emphasizes the need for the G20 to scale up resources for Emerging Markets and Developing Economies (EMDEs) and suggests that Brazil lead by example by structuring its own Nationally Determined Contributions (NDCs) through a functional country platform by 2025.

• Climate finance is currently insufficient and unfairly distributed, representing only 1% of global GDP, with the majority concentrated in China and developed economies.
• Brazil has a strategic window over three years to influence global action through its 2024 G20, 2025 BRICS, and COP30 presidencies, specifically by shaping the next round of NDCs as economy-wide economic transition plans.
• Reform of the international financial architecture should move beyond Multilateral Development Bank (MDB) recommendations to include the International Monetary Fund (IMF), focusing on faster disbursement timelines, revised fiscal exposure assessments, and support for vulnerable countries.
• Country platforms can bridge the gap between international financial architecture and domestic capital by aggregating projects and managing risks; Brazil is encouraged to implement its Ecological Transformation Plan and NDC via such a platform by early 2025.
• High cost of capital in EMDEs necessitates the use of risk management instruments, such as guarantees, to make projects bankable and ensure rating agencies do not penalize countries prioritizing fossil fuel phaseout.
• Adaptation finance is critically underfunded and relies heavily on the public sector, creating a need for innovative private mechanisms like blended finance, green bonds, and insurance.
• Brazil is uniquely positioned to advance nature finance and the bioeconomy due to the Brazilian Amazon biome and its potential for land restoration and reforestation.
• The G20 should champion an analysis of the 'cost of inaction' to quantify the economic losses of climate disasters and the fiscal vulnerabilities of member countries.

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} }