Climate Finance
Indigenous communities bear heavy climate impacts but receive almost no global funding to fight them, advocates say. At the United Nations Permanent Forum on Indigenous Issues, leaders highlighted barriers in major climate funds. U.N. Secretary-General António Guterres praised them as guardians of nature, yet billions pledged have largely bypassed them.
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The COP30 climate conference in Belém, Brazil, ended with a compromise agreement dubbed the Global Mutirão, which climate advocates view as a missed opportunity for bolder action. The deal sets modest funding targets but omits key commitments on fossil fuels and adaptation finance. Negotiators highlighted the need for ongoing efforts beyond the summit.
Ethiopia's Ministry has launched an initiative to develop a carbon market as a lifeline for climate finance and development. This push aims to secure funding amid environmental challenges.