Sustainable Investment Forum Europe 2025

Climate Finance at COP29 

Although branded the ‘finance COP’, there was an underwhelming outcome for a new climate finance deal at Baku’s COP29, with a goal of just $300bn set for developed country Parties to channel to developing country Parties, compared to the $1.3tn asked for by the latter. 

Instead, the New Collective Quantified Goal (NCQG) finalised at COP29 on Sunday in Baku “calls on all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least $1.3tn per year by 2035.” 

During the first week of UN Climate Talks, on 14 November, the Independent High-Level Expert Group on Climate Finance (IHLEG) published their report detailing why the negotiations about climate finance should have been focused on mobilising $1tn per year by 2030 in external finance from all sources for the investments necessary by emerging market and developing countries (EMDCs), other than China, to deliver the Paris Agreement, and about $1.3 trillion by 2035. 

The IHLEG has been supporting the deliberations on the climate finance agenda since COP26. It was tasked to help develop and propose policy options, as well as recommendations, to encourage and enable the public and private investment/finance necessary for delivery of the commitments, ambition, initiatives and targets of the UNFCCC Paris Agreement, reinforced by the Glasgow Climate Pact, the Sharm el-Sheikh agenda, and the COP28 Global Climate Finance Framework. 

Its third report Raising ambition and accelerating delivery of climate finance provides updated estimates of investment needs of what is required for delivery on the Paris Agreement across the clean energy transition, adaptation and resilience, loss and damage, natural capital, and the just transition. 

The report states that mobilising at least $1tn a year in private capital for climate action in EMDCs by 2030 is a critical lever to drive global growth and sustainable development. Yet, despite momentum, volumes of private capital flowing to these countries is still too low.  

The IHLEG provides a number of coordinated actions needed to increase the mobilisation of private sector finance. These include public and private sector collaboration, scaling up and replicating more effective risk-sharing mechanisms, as well as shifting domestic financial systems to support green investments.  

Sustainable Innovation Forum 2025 

The Sustainable Investment Forum Europe, taking place 29 April 2025, offers a crucial platform for finance stakeholders to navigate the challenges and opportunities of the sustainable finance market in Europe. The Forum supports the acceleration of growth while prioritising the transition towards a resilient, equitable, and nature positive sustainable economy. 

Organised by Climate Action in official partnership with UNEP-FI, the Forum will convene 350 financial stakeholders in Paris for its 8th annual edition. Through discussions on portfolio alignment, physical climate risk mitigation and adaptation, and decarbonising assets across portfolios, the Forum will emphasize the importance of responsible investing for a just and equitable transition to accelerate Europe’s economic transformation. 

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