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Mexico Hosts 22 Nations to Shape COP30 Agenda as Minister Floats Regional Climate Fund

Ministers seek updated pledges with new finance options to frame a unified regional roadmap for Belém.

Claudia Sheinbaum y representantes de 22 países posan para la fotografía oficial de la Primera Reunión Ministerial de América Latina y el Caribe sobre Acción Climática, realizada en Palacio Nacional en Ciudad de México, en un salón con arquitectura clásica y luz natural.
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Claudia Sheinbaum
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Overview

  • The two-day ministerial in Mexico City opened with representatives from 22 Latin American and Caribbean countries, the COP30 president‑designate, and major climate finance institutions, with civil‑society dialogues slated for day two.
  • Mexico urged full backing for Brazil as COP30 host and pressed for a common regional narrative to carry into negotiations.
  • Environment Minister Alicia Bárcena proposed tools such as debt‑for‑climate swaps, a regional fund for losses, damages and adaptation building on CEPAL mechanisms, joint wildfire response, and value‑chain efforts for electric vehicles and solar.
  • Mexico reiterated domestic plans including a 35% emissions cut and 35% renewable power by 2030, highlighted the Sembrando Vida program, and signaled a new 2035 mitigation target with a goal of carbon neutrality by 2050.
  • Officials underscored the region’s exposure despite contributing about 11.3% of global emissions, citing CEPAL estimates of up to a 12.6% GDP hit by 2050 without urgent action and emphasizing adaptation.