Current Context: India has called upon BRICS nations to collaborate on the ‘Baku to Belém Roadmap’ to mobilize $1.3 trillion annually by 2035, supporting developing countries Nationally Determined Contributions (NDCs) and enhancing climate action efforts.​

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• Initiation: Launched at COP29 in Baku, Azerbaijan, the roadmap outlines strategies for scaling up climate finance through public and private sources. ​
• BRICS Involvement: India has urged BRICS nations to collaborate on this initiative, emphasizing their collective role in achieving equitable climate transitions. ​
• Financial Gap: The current climate finance goal of $300 billion annually by 2035 falls short of the estimated $1.3 trillion needed by developing countries to fulfill their NDCs.