Below are opening remarks delivered by UN Climate Change Executive Secretary Simon Stiell during the Presidency-led-consultation event with Parties on the Baku-to-Belém Roadmap to 1.3T at the UN June Climate Meetings in Bonn, Germany, on Wednesday 18 June 2025.
Excellencies, colleagues, friends,
Thank you for being here - and thank you to the COP29 and incoming COP30 Presidencies for your leadership in steering this crucial work - the Baku to Belém Roadmap.
I applaud you for inviting engagement and collaboration.
That is the right approach.
The 114 Party and stakeholder submissions received already speak volumes.
They show that, across geographies and perspectives, there is a shared understanding of the urgency - and of the scale of action that is required.
Because what's at stake is clear: the future of climate action. Because - in our shared climate fight - we either succeed together or we fail alone.
Climate finance is not a favour, it's not charity: it is the bedrock of trust on which this system works and it's an investment in global stability.
That's why we need a practical, credible pathway to mobilize climate finance for developing countries - reaching at least 1.3 trillion dollars per year by 2035.
And while approaches may differ, the need to deliver is universal.
That's why this Roadmap matters.
It can be a common reference point.
One that guides political and institutional efforts across the system.
And one that enables all actors - public and private, national and multilateral - to contribute.
The challenge now is to make it real. To move from principles to delivery.
We need pragmatic, high-impact solutions that:
- Expand public finance, especially grants and non-debt instruments;
- Streamline access across funds - simpler, faster, and more effective;
- Leverage private capital at scale, with stronger enabling environments and sustained capacity support;
- And tackle systemic barriers - like high cost of capital, limited fiscal space, and institutional fragmentation.
The call to triple disbursements from multilateral climate funds by 2030 cannot get waylaid.
It must translate into action - especially with upcoming replenishment cycles for the GCF, GEF, Adaptation Fund, and the Fund for Responding to Loss and Damage.
We also need to seize the momentum from Baku. And we need to do it in a tough political environment. There are real political and economic headwinds that we must acknowledge - if we are to overcome them together.
This Roadmap must remain a space for open input, grounded in reality, but speak to scale and urgency, and focused on solutions.
Colleagues, the task ahead is significant - but so is the opportunity to build on our joint agreement in Baku.
Let's use this space to advance action that is grounded in ambition, guided by cooperation, and geared to deliver where it counts most: on the ground.
I thank you.
