The COP30 presidency has asked stakeholders to submit their views regarding the “Baku to Belém Roadmap to 1.3T”, aiming at scaling up climate finance to USD 1.3 trillion yearly. The Stop Fossil Subsidies campaign has submitted this document.
The submission underscores that fossil fuel subsidies—over USD 1.1 trillion globally in 2023—erode fiscal space in both developed and developing countries while driving the climate crisis. Ending these subsidies would generate significant emissions reductions, improve public revenues, and create resources to fund climate action.
The campaign points to longstanding but unfulfilled commitments, from the 2009 G20 pledge to the 2024 G7 promise to end inefficient subsidies by 2025. It also cites the July 2025 International Court of Justice advisory opinion that state provision of fossil fuel subsidies may constitute an internationally wrongful act.
The group also calls for stronger engagement with existing initiatives such as the Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS) and the Fossil Fuel Non-Proliferation Treaty Initiative (FFNPT) as key vehicles to redirect subsidies into climate finance and support the USD 1.3 trillion goal.
