Plataforma CIPÓ has just released the policy brief “Climate Finance and the Global Financial and Economic Architecture Reform: Proposals for the Baku to Belém Roadmap to 1.3T”
Produced by Ana Garcia — Senior Fellow at CIPÓ — alongside researchers Pedro Silva and Daniel Lannes, the document presents strategic recommendations to scale up climate finance for developing countries and help ensure that the minimum target of USD 1.3 trillion per year by 2035, advocated by the Global South, can be achieved.
The brief outlines the major challenges of the current climate finance system, which is marked by insufficient resources, strong geographic and sectoral concentration, and heavy reliance on debt-creating instruments.
It underscores that the climate emergency demands profound reforms of the global financial architecture, which still reflects a post-war order and remains inadequately responsive to the needs of vulnerable countries.
Among the measures proposed are reforms to the lending policies of the IMF and Multilateral Development Banks, strengthened international tax cooperation, reduced exposure to the investor–state dispute settlement system, and expanded use of Sovereign Wealth Funds to finance mitigation, adaptation, and a just transition.
By contributing to international debate and to the development of the Baku to Belém Roadmap, the document highlights the urgency of building a more democratic and transparent system aligned with the priorities of the Global South — noting that global resources do exist, and the challenge lies in mobilizing them fairly and effectively to confront the climate crisis.
