Over 200 people joined our debrief from COP30, in partnership with the Sustainable Business Council, featuring Ambassador Stuart Horne, Professor Sean Kidney, and Belinda Mathers, Chief Scientist at Toitū Envirocare.
While reports were mixed about the level of ambition and action, COP30 confirmed the ambition to mobilise $1.3 trillion annually for climate action by 2035, and a tripling of adaptation finance, which is critical for supply chains and risk management.
Announcements were also made about new mechanisms and innovations aimed at shaping future trade and investment. An example of this is the Tropical Forests Forever initiative: A global “blended-finance” investment fund raised through a mix of public, philanthropic capital and private investors, where investment returns will be used to pay participating forest nations for preserving existing forests.
No agreement was reached on phasing out fossil fuels, but as Sean Kidney put it: ‘Actuaries read climate science. They understand forward risk”. And it will be this that continues to advance climate change mitigation, adaptational and resilience investments.
Watch a recording of this event:
