Overview

• Representatives from 22 countries concluded a two-day meeting with the Declaración Ministerial de la Ciudad de México to present a unified regional position at COP30 in Belém.
• Mexico reiterated domestic goals, including a 35% cut in emissions, 35% renewable electricity by 2030 and carbon neutrality by 2050, highlighting Sembrando Vida with about $2 billion a year for reforestation and rural incomes.
• Participants advanced proposals for regional financing such as debt-for-climate swaps, a regional adaptation and loss-and-damage fund building on CEPAL mechanisms, and the use of special drawing rights, with GCF, GEF and CAF at the table.
• Officials underscored the region’s vulnerability, noting Latin America and the Caribbean generate about 11.3% of global emissions while 74% of countries face recurrent climate events, with CEPAL projecting GDP losses up to 12.6% by 2050 without stronger action.
• Ministers called for updated NDCs this cycle and sought inclusion of the Selva Maya in tropical forest financing initiatives, voicing explicit support for Brazil’s leadership at COP30.