COP 30: Can Belém Bring Climate Commitments Back to Reality?

Matt Christensen, Global Head of Sustainable and Impact Investing at Allianz Global Investors, previews COP 30, where expectations are high for renewed progress on climate action amid fading global momentum.

• Despite weak climate finance and limited new pledges, Brazil’s presidency aims to reconnect policy with “real lives,” emphasizing resilience, equity, and practical implementation.

• Energy transition and adaptation are expected to dominate discussions, though financing gaps and geopolitical tensions may limit breakthroughs.

• The “Tropical Forest Forever Facility” could be a milestone if wealthier nations commit support.

Will COP 30 restore purpose and credibility to global climate governance?