Translation. Region: Russian Federation –
Source: United Nations – United Nations –
An important disclaimer is at the bottom of this article.
Felipe de Carvalho, Belém
November 15, 2025 Climate and environment
In Belém, Brazil, where the 30th United Nations Climate Change Conference (COP30) is taking place, one of the main questions is being discussed: is humanity capable of mobilizing the necessary resources to implement global action to protect the planet?
At every negotiating table and in every diplomatic statement, a harsh truth is heard that is understood by everyone involved in this process: without adequate funding, the desired results will not be achieved.
A question of survival
At the Third High-Level Ministerial Dialogue on Climate Finance, COP30 participants heard from representatives of countries most affected by climate change, many of whom described access to finance as a "matter of survival."
UN General Assembly President Annalena Baerbock said in her opening remarks that COP30 should mark the launch of up to $1.3 trillion in annual climate payments – funds that should be “transferred quickly, transparently and fairly to those who need them most.”
She emphasized that climate action and social justice are "inseparable." "Climate instability fuels hunger and poverty, poverty leads to migration and conflict, and conflicts, in turn, deepen poverty and discourage investment," the UN General Assembly President emphasized.
She said it was crucial to break this vicious circle to achieve global climate goals.
Energy from renewable sources
Marking the tenth anniversary of the Paris Climate Agreement, Baerbock recalled that in 2015, many delegates were moved to tears when participants achieved a historic result – the first legally binding global climate agreement uniting more than 190 countries.
She noted that at the time, development in the renewable energy sector seemed "unrealistic." Today, however, the industry has achieved impressive results.
By 2024, global investment in clean energy will reach $2 trillion—approximately $800 billion more than in fossil fuels. Solar energy has become the cheapest source of electricity in history.
Africa's Untapped Potential
However, Baerbock warned that "enormous potential remains untapped as capital continues to fail to flow to where it is needed most," particularly Africa.
More than 600 million people on the continent still lack access to electricity, despite the fact that the continent's renewable energy potential is 50 times greater than the projected global electricity demand by 2040.
She called on developed countries to fulfill their technological and financial commitments and advance the reform of global financial institutions.
The 'Life Force' of Climate Action
Simon Still, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), also spoke at the session, highlighting the transformative role of climate finance.
He called finance "the lifeblood of climate action," capable of turning "plans into progress" and "ambition into achievement."
Still noted that the most vulnerable countries continue to face significant barriers to accessing long-promised aid.
"When funding comes in, ambitions grow"
Despite billions invested globally in clean energy, adaptation, and just transitions, Still said overall investment "remains insufficient, unpredictable, and unevenly distributed."
He called on COP30 delegates to demonstrate once again that international cooperation on climate change is effective and that today's investments can lead to "historic growth in the 21st century."
"When funding is available, ambition grows," Still emphasized. He reminded that this creates opportunities to create jobs, reduce the cost of living, improve public health, and protect vulnerable populations and the planet as a whole.
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