All News

COP30 Evaluation Report from TSKB Economic Research: “COP of Truth” or “Reality of COP”?

COP30 Evaluation Report from TSKB Economic Research: “COP of Truth” or “Reality of COP”?

Following the United Nations Climate Change Conference (COP30) held in Belém, Brazil, on 10-21 November, TSKB published its report, which periodically conveys the COP evaluations every year. TSKB Economic Research team determined the notable headlines of this year's COP30 as "COP of Truth" or "The Truth of COP"? gathered in a report titledbrought.

Continuing its work with its comprehensive sustainable development vision, TSKB (Turkish Industrial Development Bank) actively participated in the United Nations Climate Change Conference, one of the most important platforms of global climate diplomacy, this year. The Bank's managers from different areas of expertise and related parties attended COP30 held in Belém, Brazil.technical teams attended. TSKB Economic Research team, which publishes a comprehensive evaluation report after the COP negotiations every year, published this year's analysis on "COP of Truth" or "The Reality of COP"? He shared it with the public with the report titled.

The report comprehensively evaluates many topics such as the picture of global climate negotiations in the process leading to COP30, fractures in multilateralism, financing gap, and host Brazil's calls for collective effort. The study, which draws attention to the point reached in the fight against the ecosystem crisis on the 10th anniversary of the Paris Agreement, focuses on clean energy.It addresses the need for acceleration and the need for financing to increase the use and scope of technologies. The fact that COP31, the next conference to be hosted by Turkey, will be held in Antalya, also draws attention as one of the important research topics of the report.

Is TSKB Economic Research the “COP of Truth” or the “Truth of COP”? Other highlights of the report are listed as follows:

  • While nature finance discussions attracted attention at COP30, it seems that Multilateral Development Banks (ÇTDB) aim to contribute to consistency and comparability in financing follow-up by introducing criteria and methodologies for nature finance.
  • The "Belem Declaration for Green Industrialization", one of the most important outputs for industrial policy design at COP30 and to which Turkey is a signatory, aims to support green industrial policy design and implementation. 
  • During COP30, the Brazilian Presidency aimed to bring countries together under the umbrella of multilateralism with the call of "global mutirao", which expresses global collective effort. However, the responses of China and the European Union, which are among the potential leaders that can contribute to the collective effort, to Brazil's call appear to be limited. 
  • The Tropical Forest Forever Fund (TFFF), launched by the Brazilian Presidency, seems to be one of the most important points regarding financing at COP30. TFFF aims to protect and restore tropical forests. 
  • Although the fact that COP31 will be held in Antalya may create an opportunity for Turkey to accelerate the steps it takes against the ecosystem crisis, how the negotiation processes will be carried out by the Australian Presidency will affect Turkey's role in COP31 is among the issues to be followed in the coming period.

See full report from here you can reach.