The Conference of the Parties (COP) to the UN Framework Convention on Climate Change is the central multilateral forum for negotiating international climate action. COP31 is officially scheduled to take place in Antalya, Türkiye, from 9 to 20 November 2026. In this BBIMUN-exclusive committee, delegates simulate negotiations on the implementation challenge surrounding the climate-finance pathway associated with the Baku-to-Belem Roadmap. The exercise focuses on turning headline financial commitments into workable mechanisms that can mobilize public and private capital for developing countries.
 

Agenda: Operationalizing the $1.3 trillion climate finance goal: mobilizing public and private capital for adaptation, mitigation, and loss-and-damage in vulnerable nations
 

COP29 called for all actors to work together to enable financing from public and private sources to developing countries to reach at least USD 1.3 trillion per year by 2035, while the formal new collective quantified goal includes a USD 300 billion annual target led by developed countries by 2035. The agenda therefore centers on implementation rather than simply restating a numerical ambition. Delegates may debate development-bank reform, blended finance, guarantees, concessional lending, grants, debt-management tools, private investment, local-currency finance, project pipelines, transparency and tracking, and mechanisms that ensure adaptation and loss-and-damage needs are not crowded out by easier-to-finance mitigation projects.