Climate Finance: From negotiations to implementations

Climate finance remains a critical enabler of global climate ambition, yet the current finance flows still fall short of developing countries’ needs. Developing economies require trillions of dollars annually to meet mitigation and adaptation goals. India alone is estimated to need around USD 170 billion per year to achieve its climate targets, while global public climate finance remains below agreed targets. The 30th UN Climate Change Conference (COP 30) prioritized operationalizing the New Collective Quantified Goal on Climate Finance (NCQG), with the Baku–Belém roadmap aiming to mobilize USD 1.3 trillion for developing countries through public and private finance. Adaptation finance also gained renewed focus, including calls to scale support by 2035 and improve tracking. However, concerns remain on credibility, delivery, and access to funds.

Beyond the United Nations Framework Convention on Climate Change process, the G20 Johannesburg Summit underscored the need to move “from billions to trillions,” highlighting the importance of multilateral development bank (MDB) reform, concessional finance, and risk-sharing instruments to unlock capital at scale.

This webinar, hosted jointly by the International Institute for Sustainable Development and the Indian Institute of Management – Calcutta, will unpack what COP 30 and G20 outcomes mean for the future of climate finance, including progress on the NCQG, MDB reforms, and scaling finance for mitigation and adaptation.

Bringing together policy-makers, researchers, and civil society, this webinar will examine

• the credibility of global climate finance commitments,
• MDB reform and blended finance opportunities,
• access and equity in climate finance for the Global South.

Agenda

Welcome Remarks

Shruti Sharma, Lead, Renewable and Affordable Energy, IISD

Panel Discussion

Moderator: Mritiunjoy Mohanty, Professor, Indian Institute of Management Calcutta (IIM Calcutta)

Dhruba Purkayastha, Advisor to the Standing Committee on Finance, United Nations Climate Change

Dipak Dasgupta, Distinguished Fellow, Earth Science and Climate Change, The Energy and Resources Institute

Vivek Sen, India Director, Climate Policy Initiative

Swati Dsouza, Climate change specialist, Asian Development Bank 

Swasti Raizada, Senior Policy Advisor, IISD

Q&A

Closing Remarks

Runa Sarkar, Professor, IIM Calcutta