From November 10th to November 22nd 2025, the 30th Conference of the Parties of the UNFCCC, more commonly referred to as COP30, was held in Belém, Brazil. This was the first COP ever hosted in the Amazon region, and it was the second most attended COP after COP28 in Dubai. This conference is the largest annual international meeting on climate organized by the United Nations, since 1992: government representatives come together to attempt to agree on action for the climate crisis. With time, the conference has gathered also financial actors, corporates and civil society, with commitments going beyond policy making.
Key Takeaways
Ten years after Paris, COP30 did not reset the system but it clarified it.
COP30 disappointed many, as no agreement was made by countries regarding fossil fuels phase out and ending deforestation.But not all is lost: despite political fragmentation, investments in renewables are still double those of fossil fuels since last year, displaying technological progress and the viability of low-carbon alternatives. Climate financing needs are higher than ever, on the public and the private side.
Despite an outcome that fell short of expectations, updated Nationally Determined Contributions (NDCs) still provide investable policy visibility.
More than 70% of global emissions are now covered by an updated NDC, including main economies, despite global emissions having not yet peaked: we are still on a 2.8°C trajectory under current policies vs. almost 4°C in 2015. Investors gain firmer expectations on national policy corridors, which is essential for sector allocation, capex alignment and risk pricing.
Climate finance architecture is consolidating.
The Baku–to-Belém roadmap offers the clearest structure to date for mobilising the $1.3 trillion per year needed for EMDEs, with a stronger role for MDBs, blended finance and country platforms.
Nature finance is scaling and becoming more structured.
The launch of the Tropical Forests Forever Facility — alongside a broader system level push on nature finance — signals the emergence of new investable models for ecosystem conservation.
You can now read the full whitepaper at the link below
