COP30 roundtable session on unlocking climate capital identifies priorities for action
Halting climate change and nature loss requires a huge reallocation of finance globally. EMDEs are on the front line of the fight for the future of our planet.
But the flows of global capital towards EMDEs remains far below what is needed to meet the goals of the Paris Agreement, the Global Biodiversity Framework and the Sustainable Development Goals. Closing this gap has been a major priority for the incoming Brazilian COP presidency, as articulated the Baku to Belem Roadmap to 1.3T and Report of the COP30 Circle of Finance Ministers.
On Friday 7 November, CETEx and the OECD jointly convened key decision-makers from the COP Presidency, EMDE and advanced economy governments, international financial institutions, the private sector, and civil society to build on the priorities identified by the COP Presidency and chart a way forward that puts delivery and implementation front and centre. Further details on the session can be found here.
Drawing on the latest evidence and policy research commissioned by CETEx and the OECD, the session identified several priorities for action:
- Prudential supervisory reforms to address unintended consequences, including through a G20-led process launched in 2026 to review and address regulatory barriers to international capital flows posed by prudential regulations.
- Leveraging central bank and reserve tools to help create an enabling environment for private capital mobilisation, and reforming credit rating methodologies to ensure the risk mitigation of blended finance structures translates into reduced cost of capital.
- International reforms to mobilise institutional capital, including reorienting development finance to scale up the ODA dedicated to blended finance and private capital mobilisation, make better use of guarantees for clean energy – based on best practice identified by the OECD – and accelerating the MDB reform agenda through a shift to originate-to-share models for non-sovereign operations.
Access Luiz Awazu Perreira da Silva’s report, Unlocking climate capital for emerging markets and developing economies: an adaptive regulatory and policy reform agenda, here: https://cetex.org/publications/unlocking-climate-capital-for-emerging-markets-and-developing-economies-an-adaptive-regulatory-and-policy-reform-agenda/