The final text of COP30 notably excluded any direct references to fossil fuels. This omission contrasts with growing global demands to explicitly address fossil fuel reduction in climate agreements.
The Institute for Climate and Society (ICM) has emphasized that Mexico requires approximately US$130 billion from private and international sources. This funding is crucial for Mexico to achieve the goals outlined in its updated Nationally Determined Contribution (NDC) 3.0, aiming for stronger climate action.
"Mexico needs US$130 billion in private and global capital to meet its updated NDC 3.0."
These developments show a tension between global climate rhetoric and practical funding needs for impactful climate policies.