COP30

COP30 is being held in Belém, Brazil, against a backdrop of tighter budgets, political headwinds, and uncertainty over whether this summit can deliver real progress on climate and development. CGD experts are watching closely.

 

More from the Series

POLICY PAPER

Do Climate Targets Affect Lending at the World Bank?
Charles Kenny
November 07, 2025
The World Bank has set ambitious climate targets and introduced tools like a shadow carbon price, but evidence that these measures meaningfully change its lending portfolio or project design is limited and mixed. While there is some evidence of impact, it does not appear to be large.
Farmers working in field with solar panels
Blog Post

Have Climate Finance Targets Changed What the World Bank Actually Finances?
Charles Kenny
November 07, 2025
How much do World Bank targets, rules about project appraisals considering mitigation and adaptation, and a shadow price of carbon make a difference to what the World Bank actually finances? In a new policy paper, I try to answer that question looking at both finance trends and the project appraisal...
A solar plant in Malawi
Blog Post

What We’re Watching at COP30
Ian Mitchell et al.
November 07, 2025
As COP30 begins in Belém, Brazil, against a backdrop of tighter budgets, political headwinds, and a retreating US, questions remain over whether this summit can deliver real action on climate and development. From the launch of a new tropical forest fund to efforts to build a carbon pricing coali...
Cop30 sign in front of entrance in Brazil
Blog Post

Could Less Climate Mitigation Finance from the World Bank Just Mean Less Development?
Euan Ritchie
November 06, 2025
Recently, there has been a spate of concerns being expressed about the amount that the World Bank is spending on mitigation finance in low-income countries. These complaints are understandable given that “mitigation finance” is widely understood as finance used to reduce greenhouse gas (GHG) emissio...