UN Climate Change Executive Secretary Simon Stiell said at COP30 in Belém, Brazil, that climate action, underpinned by climate finance, is the growth story of the 21st century. “As you prepare for your next phase of Article 9.5 work, I urge you to make the outcomes as clear and actionable as possible – so that they offer real forward visibility to developing countries, and demonstrate tangible progress on the delivery of finance,” he said to his audience.

“Good reporting builds credibility; credibility builds trust; every signal of trust builds more confidence in the process – enabling far greater implementation within the real economy.”

He pointed out that the world is looking for proof that climate cooperation delivers. “Real finance, flowing fast and fair, is central to that proof. Because when finance flows, ambition grows. And when ambition grows, implementation flows – creating jobs, easing the cost of living, improving health, protecting communities, and securing a prosperous, more resilient planet for all.”