The Baku to Belém Roadmap is a powerful signal of confidence – $1.3 trillion annually needed by 2035 is both achievable and essential

Below are remarks from UN Climate Change Executive Secretary Simon Stiell speaking at an event titled "Implementing the COP30 Circle of Finance Ministers Report and the Baku to Belém Roadmap to 1.3T: Recommendations and Pathways to Deliver" in Belém, Brazil, on 14 November 2025.

Excellencies,

Honourable Ministers,

Colleagues and Friends,

I'm delighted to join you all, and I offer my sincere thanks to the Government of Brazil, the COP30 Presidency, and all the partners who have convened this session.

I am going to make my remarks very short for once because it's very clear what this work has provided us with and where we need to take it.

The Circle of Finance Ministers has provided invaluable leadership and insight - grounding the Baku to Belém Roadmap in the real-world realities of economic management and national budgets.

That roadmap is a powerful signal of confidence - that the $1.3 trillion annual flow of climate finance needed by 2035 is both achievable as well as essential and offers concrete examples of what can work.

Without this finance, climate action won't happen. It's only finance at this scale that can equally turn the tide on implementation as well as ensure climate action continues to be the road that makes business sense.

The Roadmap outlines how to make that engine run faster and fairer:

By increasing grants, reducing debts, and creating fiscal space;

By using innovative instruments to draw in private capital;

And by ensuring that finance reaches those solving problems on the ground - from small businesses to local communities.

We all know how high the stakes are - but the opportunity that's presented is immense.

Now, let's connect ambition to delivery, and commitments to action;

Here in the Amazon, we begin a new chapter of climate cooperation: bringing our process closer to the real economy, with fair and accessible finance that turns plans into progress.

I thank you.