COP31 Finance and Trade Day: $1.3 Trillion Roadmap Takes Centre Stage in Antalya Tomorrow

Antalya, 12 November 2026 — Friday 13 November is Finance and Trade Day at COP31 in Antalya — Day 5 of the climate summit — and the money question moves to centre stage: who pays for the transition, and how the promised finance reaches the countries that need it most. The day pairs a full trade programme, organised with the World Trade Organization, with the presentation of the COP30 Presidency’s report on the $1.3 trillion Baku to Belém roadmap.

Key facts

• What: COP31 Finance and Trade Day, Day 5 of COP31 (9–20 November 2026).
• Where: Antalya Expo Center, Antalya, Türkiye.
• Themes: green transformation, climate-based investment, green finance, value chains and carbon markets.
• Headline event: presentation of the COP30 Presidency report Implementing the Baku to Belém Roadmap to 1.3T, 16:00–18:00, GCAA Room 2 – Likya.
• The goal: at least $1.3 trillion a year in climate finance for developing countries by 2035; the standing goal agreed at COP29 is $300 billion a year by 2035.

Trade opens the day

The trade track, organised jointly by the COP31 Presidency and the Turkish Trade Ministry, opens at 08:00 in Specialized Event Zone 3 of the Antalya Expo Center. COP31 President Murat Kurum is listed to give the inaugural address, followed by opening remarks from Trade Minister Ömer Bolat and COP30 President André Corrêa do Lago.

The morning’s high-level panel, from 08:45 to 09:45, is titled “Climate, Trade and Competitiveness: From Regulation to Coordination for Implementation”. It is moderated by Maya Hennerkes, Managing Director for Environment and Sustainability at the European Bank for Reconstruction and Development, and brings together Minister Bolat, Ambassador Corrêa do Lago, World Trade Organization Deputy Director-General Jean-Marie Paugam, International Chamber of Commerce Secretary General John Denton, OECD Environment Director Jaime de Bourbon de Parme, Nepal’s Ambassador Ram Prasad Subedi, who chairs the WTO Committee on Trade and Environment, and UN Trade and Development Acting Secretary-General Pedro Manuel Moreno.

Four thematic panels follow through the day: sustainable and low-carbon transitions, resilient value chains and inclusive development (09:50–10:50); empowering small and medium-sized enterprises for climate-ready trade (16:00–17:00); trade, finance and investment for climate action (18:00–19:00); and advancing interoperability and international cooperation on climate and trade (19:00–20:00). The programme says the track aims to show how trade policy can support the low-carbon transition while keeping value chains resilient, diversified and inclusive — and to give Türkiye, as COP31 President, a chance to present its own Green Deal Action Plan.

The $1.3 trillion question

The day’s most watched event is the presentation of the COP30 Presidency’s report Implementing the Baku to Belém Roadmap to 1.3T, from 16:00 to 18:00 in GCAA Room 2 – Likya. The Baku to Belém Roadmap, presented jointly by the COP29 and COP30 Presidencies in November 2025, sets out how to mobilise at least $1.3 trillion a year in climate finance for developing countries by 2035, from public and private sources. The COP30 Presidency released its implementation report on 8 November, and Friday’s session is its formal presentation at COP31. A further session on the roadmap follows at the Brazil Pavilion on Saturday 14 November, from 14:00 to 15:00.

The scale of the task is set out in the report itself: according to TBS News’ reading of the document, its pathway estimates that global climate finance could reach $1.27–1.41 trillion a year by 2035, while business as usual would deliver only around $461 billion. The standing finance goal agreed at COP29 in Baku — the new collective quantified goal — is $300 billion a year by 2035, and an Independent High-Level Expert Group cited by the Heinrich Böll Stiftung expects the private sector’s contribution to rise sixteen-fold, to $650 billion.

Africa’s case gets its own session in the morning: from 09:30 to 11:00, the United Nations Economic Commission for Africa hosts “Beyond the Baku to Belém roadmap to 1.3T: Moving from pledges to delivery, the case for a climate finance overhaul for Africa” at the African Pavilion. The electrification finance coalition announced on Energy Day showed the same week how finance announcements are already shaping COP31; Finance Day is where the wider finance architecture gets its hearing.

Adaptation finance in focus

Adaptation finance — money to help countries live with climate impacts already under way — runs through the day’s programme. The UN Environment Programme Finance Initiative hosts two sessions: a circular economy panel from 11:05 to 11:50 at the Lilyum Pavilion in the Green Zone, moderated by Türkiye Vakıfbank with the Zero Waste Foundation, the Food and Agriculture Organization and the European Investment Bank’s Joint Initiative on the Circular Economy; and “Making climate resilience financeable: unlocking adaptation finance through better information” from 11:30 to 12:15 at the UNIDO Pavilion. The Inter-American Development Bank follows from 16:00 to 17:00 at the MDB Pavilion with “Accelerating adaptation finance — from adaptation priorities to financing-ready projects”.

The need is stark. At COP30, countries called for adaptation finance to be at least tripled by 2035. The Yearbook of Global Climate Action 2026, launched at COP31 on 9 November, records that adaptation finance instead fell from $81.5 billion in 2022 to $64.1 billion in 2024, even as total global climate finance passed $2 trillion in 2024. And a CARE analysis reported by Climate Home News on 10 November warns that repayments on climate loans could overtake new lending by 2036 — a reminder that for many developing countries, the argument is not only about how much finance flows, but about whether it arrives as grants or as debt.

Parliaments, tax justice and reliable data

Finance Day also reaches beyond the negotiating halls. The GLOBE Legislators parliamentary calendar lists a 10:00–11:00 session on implementing the climate advisory opinions, a 10:00–11:30 parliamentary dialogue on carbon markets and climate finance at the Malawi Pavilion, and a 13:30–15:00 session on advancing energy access, affordability and climate resilience across the Euro-Mediterranean, Gulf and Africa regions at the Italy Pavilion.

Tax Justice Network Africa brings two sessions: “Roadmap to COP32: Recasting Our Strategies for Scaling Access and Accountable Delivery of Climate Finance” from 12:45 to 13:45 at the Ethiopia Pavilion, and a climate tax justice side event from 16:45 to 18:15 in Room 6. The UN Office for Sustainable Development hosts “Reliable Climate Data for Finance, Carbon Markets, and Achieving the SDGs” from 09:00 to 10:00 at the Republic of Korea Pavilion, as part of the Finance and Trade Day programme. At the Irish Pavilion, AIB hosts “Banking on Electrification: Financing the Infrastructure We Need at Speed and Scale” from 11:30 to 12:45, and KPMG follows from 13:00 to 14:30 with “Beyond Decarbonisation: Electrification as a Corporate Growth and Resilience Strategy”.

The UN Environment Programme’s own list for the day adds five more events: driving local carbon transition in emerging and developing economies (11:00); used vehicles as “the silent engine of EV adoption” (12:45–13:45); a working paper on retaining atmospheric and biogenic carbon in the global materials economy (14:30–15:30); a dialogue on the findings of the third independent review of the Climate Technology Centre and Network (15:00–16:30); and “Beat the Heat in a Warming World: Adapting Cities and Decarbonizing the Built Environment” (17:00–18:00).

What comes next

Finance Day follows Resilient Cities Day on 12 November, when the Leaders’ Summit closed with cities and the built environment at the centre. Saturday 14 November is Children, Youth, Education and Skills Day at COP31, and the COP30 Presidency’s finance discussion continues at the Brazil Pavilion that afternoon. Industry Day follows on 16 November and Nature Day on 17 November, with the conference running until 20 November. The twelve thematic days of COP31 were set out at the start of the conference; Finance Day is the day the summit’s promises meet the question of who pays.

Frequently asked questions

What is COP31 Finance and Trade Day?

It is Friday 13 November 2026, Day 5 of COP31 in Antalya, Türkiye — the Presidency’s thematic day for green transformation, climate-based investment, green finance, value chains and carbon markets, with a trade programme organised with the World Trade Organization and a full day of finance events.

What is the Baku to Belém Roadmap to 1.3T?

It is the plan, presented jointly by the COP29 and COP30 Presidencies in November 2025, to mobilise at least $1.3 trillion a year in climate finance for developing countries by 2035, from public and private sources. The COP30 Presidency’s report on implementing it is presented at COP31 on 13 November, from 16:00 to 18:00.

How does the $1.3 trillion goal relate to the $300 billion goal?

The $300 billion a year by 2035 is the new collective quantified goal on climate finance agreed at COP29 in Baku. The $1.3 trillion roadmap is the wider call — counting public and private finance together — to scale total annual flows to developing countries to at least $1.3 trillion by 2035.

Why is adaptation finance a focus of Finance Day?

Adaptation finance fell from $81.5 billion in 2022 to $64.1 billion in 2024, according to the Yearbook of Global Climate Action 2026, even though COP30 called for it to at least triple by 2035. Several Finance Day sessions — including the Inter-American Development Bank’s and UNEP Finance Initiative’s — address turning adaptation priorities into finance-ready projects.

What happens after Finance Day?

Saturday 14 November is Children, Youth, Education and Skills Day at COP31. Industry Day follows on 16 November and Nature Day on 17 November, and the conference continues until 20 November.