‘When finance flows, ambition grows”: COP30’s call for action

At COP30, discussions highlighted the crucial role of financial mobilization in addressing the climate crisis, with the UN General Assembly President emphasizing the need for up to $1.3 trillion in annual climate finance to reach vulnerable countries. Renewable energy, particularly solar power, has emerged as the fastest-growing and cheapest energy source globally. Climate finance is seen as the "lifeblood" of climate action, capable of turning plans into progress and ambition into implementation. The UN climate chief stresses the importance of demonstrating that climate cooperation is working, as investments made now can shape the growth story of the 21st century, creating jobs, lowering living costs, improving health outcomes, protecting communities, and securing a more resilient, prosperous planet for all. This message is being delivered at COP30 in Belém to drive home the importance of financial support in achieving climate solutions.

https://news.un.org/en/story/2025/11/1166376