What changed
Ethiopia used a COP31 side event in Antalya, Türkiye, on November 11, 2026, to call for broader access to multilateral climate finance and more effective funding for developing countries. Finance Minister and COP32 Chief Negotiator Fitsum Assefa said stronger cooperation among climate funds is needed to help countries carry out their national climate priorities.
Why it matters
Ethiopia is putting climate-finance access at the centre of its preparations to assume the COP32 Presidency, expected to take place in Addis Ababa in November 2027. The focus is on how existing multilateral funds work, not on a specific new funding request.
That gives Ethiopia a clear negotiating theme: money should be easier to reach and more useful once it arrives. Whether that becomes a reform agreement will depend on how governments and fund institutions respond.
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