India Joins 13 Nations to Launch Climate & Nature Finance Platforms at COP30

India, along with 13 countries and a regional alliance of African nations, announced plans to establish national platforms for “climate and nature finance” during a ministerial event at COP30 in Belém, Brazil, on 15 November 2025.

• Coordinated Through the GCF: The initiative will be coordinated through the Green Climate Fund (GCF), the world’s largest dedicated financial mechanism for climate action.
  • GCF has commitments worth $19 billion, but only about 25% of these funds had been effectively allocated by 2024.
  • Developing countries have criticised GCF for complex disbursal procedures and insufficient technical support.
• About the Green Climate Fund (GCF):
  • A key component of the Paris Agreement and accountable to the UNFCCC.
  • Supports developing countries in achieving their Nationally Determined Contributions (NDCs).
  • Focuses on four major transitions:
    1. Built environment
    2. Energy & industry
    3. Human security, livelihoods, and wellbeing
    4. Land-use, forests, and ecosystems
  • Operates on a country-driven approach, supported by its Readiness Programme.
  • Functions as a main operating entity of the UNFCCC’s financial mechanism.
  • Aims to keep global temperature rise below 2°C by promoting low-emission, climate-resilient development.
• Funding Mandates:
  • GCF must allocate 50% of its resources to mitigation and 50% to adaptation (in grant equivalent terms).
  • At least half of adaptation finance must go to the most climate-vulnerable countries — Small Island Developing States (SIDS), Least Developed Countries (LDCs), and African States.
• Significance of the New Platforms:
  • Aims to simplify access to climate finance.
  • Helps developing countries mobilise resources, coordinate reforms, and channel funding toward nature-positive development.
  • Supports implementation of national climate priorities and enhances accountability and transparency.

Source: TH & GCF