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COP30: Time for Action on Climate Goals

  • Writer: Goldstein Carbon
    Goldstein Carbon
  • 1 day ago
  • 5 min read

Updated: 11 hours ago

COP30 Belém header visual; Paris Agreement goals, climate finance, and carbon market focus

COP30 is expected to be a summit where commitments turn into action marking the phase where the goals of the Paris Agreement move into real-world implementation. In this article, we focus on the main agenda items of COP30 and the expected transformations in climate policies, in light of the outcomes of previous COPs, especially COP29.


Table of Contents


Key Themes from Previous COP Summits


Over the past three decades, the Conference of the Parties (COP) summits have evolved to become a cornerstone of global climate policy. The Kyoto Protocol (COP3, 1997) introduced the first legally binding international commitments to reduce greenhouse gas emissions, requiring industrialized nations to cut their emissions by at least 5% compared to 1990 levels during 2008–2012, and activating mechanisms such as international emissions trading and the Clean Development Mechanism.


For twenty years following Kyoto, negotiations focused on implementing these mechanisms and resolving technical details. COP15 (Copenhagen, 2009) was a turning point, as parties sought a successor to Kyoto. Though it resulted only in the non-binding Copenhagen Accord, it brought significant pledges: developed countries agreed to set economy-wide emission reduction targets by 2020, to mobilize 100 billion USD annually for climate action in developing nations, and to maintain global temperature rise below 2°C.


The Paris Agreement (COP21, 2015) marked a historic milestone as the first universal, legally binding climate treaty requiring all parties to submit Nationally Determined Contributions (NDCs) every five years, with increasing ambition over time.


COP29: Overview of the Baku Climate Conference


The 29th United Nations Climate Change Conference, COP29, was held in Baku, Azerbaijan, from November 11–22, 2024. Officially branded the “Finance COP,” it brought together representatives from nearly 200 countries, focusing on establishing a new global climate finance framework. Around 66,778 participants, including government delegates, observers, and media representatives, attended.


Developed nations pledged to mobilize at least 300 billion USD annually by 2035 to support climate action in developing countries tripling the previous 100 billion USD per year target that expires in 2025.


All parties agreed to secure at least 1.3 trillion USD per year in climate finance from public and private sources. To guide this effort, negotiators adopted the “Baku Belém 1.3T Roadmap,” outlining how climate finance will be scaled up post-2025.


Carbon Markets Operational After a Decade of Negotiations


One of COP29’s key technical achievements was the finalization of the long-pending Article 6 carbon market rules under the Paris Agreement (2015). Article 6 regulates two international carbon trading mechanisms:


  • Article 6.2 (Bilateral Trading): Countries can trade Internationally Transferred Mitigation Outcomes (ITMOs) based on their own quality standards.


  • Article 6.4 (UN-Supervised Market): A regulated global market under UN oversight enables the issuance, verification, and trading of carbon credits with environmental and social safeguards, including protections for indigenous rights and grievance mechanisms.


COP29 decisions also defined methodologies for carbon removals and required strong environmental and human rights safeguards. With this, the Paris Agreement’s carbon market rulebook became fully operational, paving the way for countries to begin carbon credit trading in 2025.


While COP29 maintained momentum in climate finance and carbon markets, it deferred emission reduction commitments to future negotiations. Despite the obligation for countries to submit updated NDCs by 2025, the summit generated limited momentum for mitigation.

UN Secretary General António Guterres summarized the mixed results:


“This agreement was vital to keeping the 1.5°C goal alive; yet, I had hoped for a more ambitious outcome both in finance and in mitigation.”

Thus, COP29 will be remembered as a turning point that strengthened climate finance architecture but revealed the lack of political will to phase out fossil fuels and enhance mitigation ambition.


Expected Agenda and Topics of COP30


COP30, to be held in Belém, Brazil, from November 10–21, 2025, is defined as the “Implementation COP,” building upon previous summits and marking a shift from rule-making to real-world execution of climate action.


A key focus will be the submission of updated NDCs by fall 2025. As of September 2025, only 54 out of nearly 200 parties have submitted new NDCs, mostly targeting 2035. The first Global Stocktake showed that current efforts are insufficient to keep warming below 1.5°C.


The implementation of the Global Stocktake will be central, structured under six thematic pillars:


  • Transformation of energy, industry, and transport

  • Protection of forests, oceans, and biodiversity

  • Transformation of agriculture and food systems

  • Strengthening resilience in cities, infrastructure, and water systems

  • Promoting human and social development

  • Accelerating finance and just transition mechanisms


Adaptation will be a key agenda item. COP30 President André Corrêa do Lago stressed that failing to adapt could make climate change “a multiplier of poverty” and deepen inequality. Accordingly, indicators and benchmarks for adaptation will be defined to measure countries’ resilience progress.


Climate finance remains contentious. COP30 will finalize the New Collective Quantified Goal (NCQG) to replace the current 100 billion USD target, which falls short of developing countries’ needs. Negotiations are considering an increase to 1.3 trillion USD annually, while vulnerable nations demand direct access for local authorities and dedicated loss and damage mechanisms.

The protection of the Amazon rainforest and nature-based solutions will hold unprecedented significance, given the summit’s location in Belém. NGOs are calling for 7 billion USD annually to protect the Amazon, warning that losing 50–70% of the forest could release 300 billion tons of carbon undermining the Paris targets.


Fossil fuel phase-out will remain controversial. COP30 offers an opportunity to turn COP28’s “transition away from fossil fuels” language into concrete mechanisms and timelines.


Why COP30 Is a Critical Turning Point


COP30 is seen as a critical juncture for several reasons:


  • 1.5°C threshold at risk. The world exceeded this temperature limit in 2024, not irreversibly but as a stark warning. Current national pledges are inconsistent with the Paris goals, revealing a major ambition gap.


  • Geopolitical fragmentation threatens multilateralism. The U.S. withdrawal under Trump, rising populism, and global tensions have weakened the foundation of climate diplomacy. COP30 must prove that progress remains possible even amid division.


  • The implementation phase of the Paris Agreement has begun shifting focus from negotiation to execution. Brazil’s “mutirão” (collective mobilization) approach symbolizes action over rhetoric.


  • The Amazon’s central role. Hosting COP30 in Belém, the heart of the world’s largest rainforest, underscores its critical importance in limiting global warming. The forest stores billions of tons of carbon and supports diverse ecosystems and indigenous communities.


  • The ratchet mechanism requires increased ambition. The Paris Agreement’s five-year cycle reaches a decisive moment at COP30, pressuring countries to deliver stronger, policy-based and measurable commitments.


  • From commitment to accountability. COP30 will demand tangible, real-world outcomes, marking the maturity of climate diplomacy beyond symbolic promises.


COP30 thus occurs at the intersection of scientific urgency, political fragility, implementation necessity, and geographic symbolism. Its success will determine whether multilateral climate cooperation can deliver transformative change despite geopolitical challenges and a narrowing time window.


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