COP30’s Belem Package
- Two New Initiatives:
- Global Implementation Accelerator: Launched as a two-year programme to bridge the gap between national climate plans and the 1.5°C pathway.
- The Belém Mission to 1.5: An action-oriented platform under the COP29-COP31 troika to foster international cooperation across mitigation, adaptation, and investment.
- Global Mutirao Decision: A high-level political text adopted by Parties. It includes:
- Scaling up climate finance for developing countries to at least $1.3 trillion annually by 2035 for climate action.
- Double adaptation finance by 2025 and triple by 2035.
- COP also adopted the Global Goal on Adaptation (GGA) with 60 indicators to assess global adaptation progress.
- Just Transition Mechanism: Announced to boost cooperation, technical support, capacity-building and enable equitable, inclusive just transitions.
- Two Roadmaps: The Forest and Climate Roadmap (to halt and reverse deforestation) and The Transitioning Away From Fossil Fuels Roadmap.
- Other Announcements under COP30 Action Agenda:
- Fostering Investible National Implementation (FINI) initiative: Aims to unlock USD 1 trillion in adaptation project pipelines within three years, with 20% mobilized from the private sector.
- Belém Health Action Plan: First global initiative targeting climate-related health threats.
- Tropical Forests Forever Facility (TFFF): First-of-its-kind mechanism to deliver long-term, results-based payments for verified conservation of standing tropical forests.
- Gender Action Plan: Advances gender-responsive budgeting and finance, and promotes the leadership of Indigenous, Afro-descendant, and rural women.
