COP30 President promotes climate finance agenda at World Bank and IMF
Date: 2026-04-19
By: Nana Appiah Acquaye
COP30
President André Corrêa do Lago has stepped up efforts to advance global climate
finance discussions during the World Bank Group and International Monetary Fund
Spring Meetings, with a focus on scaling investment and strengthening
international cooperation.
During
the engagements, Corrêa do Lago highlighted the importance of treating climate
action as a continuous and scalable process that is closely linked to economic
development. He underscored the role of the “Baku to Belém Roadmap to 1.3T” as
a mechanism to unlock new financing pathways beyond formal negotiation
frameworks.
The
COP30 President participated in the first joint meeting between multilateral
development banks and climate funds, where discussions centred on how
institutions can collectively support the goal of tripling adaptation finance
by 2035. The meeting was convened by the COP30 Presidency in collaboration with
the Green Climate Fund.
He
also joined a panel alongside representatives of the COP31 Presidency from
Türkiye and Australia to discuss priorities for the upcoming conference and
strategies to translate climate ambition into measurable economic outcomes.
Additional
sessions addressed the development of country platforms and the Tropical
Forests Forever Facility, a Brazil-led initiative aimed at providing financial
incentives for tropical forest conservation.
On
the sidelines, Corrêa do Lago held consultations with members of the
Independent High Level Expert Group on Climate Finance, as well as economists,
development banks, and private sector stakeholders to discuss next steps for
advancing the Baku to Belém Roadmap.
The
engagements form part of broader efforts by the COP30 Presidency to mobilise
increased climate finance and strengthen global alignment on climate action
ahead of the conference scheduled to take place in Brazil.
