OPEC Fund Quarterly - 2025 Q3

CONTENTS

5-29 CHRONICLE OF CURRENT EVENTS Cover story With the world facing multiple tipping points, how high are the stakes for climate finance?

6-7  Close to the tipping point: When do we exceed the 1.5°C climate target? 8-11  Interview Anthony Bartzokas, University of Athens: “Look beyond the funding gaps” 12-13  On the rocks: Why the clock is ticking for the world’s glaciers 14-17  Interview Francesco La Camera, IRENA: “The energy transition is delivering immense rewards” 18-19  Preventing the Amazon rainforest from reaching the point of no return 20-23  A former climate negotiator takes us behind the scenes 24-27  Amid low expectations for Belém, can meaningful progress be made? 28-29  The story of the tree of life

What future for the Amazon rainforest p 18-19

IN OTHER SECTIONS

In the Field 30-31 The OPEC Fund at the Sevilla Financing for Development conference: Island Resilience Facility endorsed Spotlight 32-35 Environmental & Social Safeguards: The OPEC Fund and AfDB join forces for sustainable development across Africa

Development News 36-38

Review 42-45

New OPEC Fund projects in Botswana, Cameroon, Costa Rica, Honduras, Liberia, Rwanda, Senegal and Türkiye Events 39-41 39 Mission to Maldives 40 Tashkent International Investment Forum; AIIB Annual Meeting 41 Mission to Kyrgyz Republic

A Modern Guide to Uneven Economic Development , edited by Erik S. Reinert and Ingrid Harvold Kvangraven The Back Page 46

Lesotho: “You have bigger power when you are more”

Photo: Xxxxxx

Photo: OPEC Fund

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