- EU aims to reduce net GHG emissions by 66.25-72.5% below 1990 levels by 2035.
- The 'Baku to Belém Roadmap' targets $1.3 trillion annual climate finance for developing countries by 2035.
- EU provided €31.7 billion in public climate finance and mobilized €11 billion in private finance in 2024.
- COP30 will address carbon pricing and launch the Open Coalition for Compliance Carbon Markets.
EU's Climate Commitment at COP30
At the COP30 UN Climate Change Conference in Belém, Brazil, the European Union will emphasize its dedication to climate action, aiming for a clean, fair, and resilient global transition. The EU's focus includes providing clean energy, creating business opportunities, and enhancing industrial competitiveness.
Paris Agreement Goals
The conference serves as a crucial moment to advance the Paris Agreement goals. The EU will lead efforts to address climate targets, accelerate the clean energy transition, and implement commitments like the Global Stocktake and Global Pledges to increase renewables and energy efficiency by 2030.
New EU NDC and Carbon Markets
The EU will submit a new Nationally Determined Contribution (NDC) to reduce net GHG emissions by 66.25-72.5% below 1990 levels by 2035, aiming for a 90% reduction by 2040. The COP30 Presidency plans to launch the Open Coalition for Compliance Carbon Markets, uniting countries with carbon pricing mechanisms.
Climate Finance and Adaptation
Climate finance is a key focus, with the 'Baku to Belém Roadmap' aiming to scale up finance for developing countries to $1.3 trillion annually by 2035. The EU, as a major climate finance contributor, provided €31.7 billion in public finance and mobilized €11 billion in private finance in 2024. The EU will also work on climate adaptation indicators under the UAE–Belém Framework for Global Climate Resilience.
