Mexico Proposes Latin American Climate Change Fund Amid Global Warming Crisis

Web Editor

August 25, 2025

Background and Relevance of the Meeting

On Monday, Mexico initiated a meeting in Mexico City with environmental ministers from Latin America and the Caribbean, focusing on addressing climate change consequences before COP30 in Brazil. The gathering, organized by Mexico’s Secretariat of the Environment, aims to establish a regional narrative and strengthen Latin America’s leadership in the face of global warming.

Key Proposals and Discussions

During the opening session, Alicia Bárcena, Mexico’s Secretary of the Environment, proposed creating a regional fund to tackle climate change impacts. This fund would serve as a “damage and loss fund,” complementing global efforts to meet environmental commitments. Bárcena emphasized the need for both holding the world accountable and implementing local solutions.

The global context highlights the existence of a fund to assist vulnerable countries in dealing with climate change effects, agreed upon during COP28. However, Bárcena pointed out Latin America’s alarming vulnerability to the climate crisis.

Despite contributing only 11.3% of global greenhouse gas emissions, 74% of Latin American countries face recurring climate phenomena. André Correa do Lago, COP30 President, acknowledged the urgency of climate action and the progress made so far in international negotiations.

Meeting Participants and Outcomes

The meeting brings together environmental ministers and delegations from 22 countries. Their discussions will culminate on Tuesday, with the presentation of conclusions and recommendations.

Key Questions and Answers

  • What is the main purpose of the meeting? The primary goal is to establish a regional narrative and strengthen Latin America’s leadership in addressing climate change before COP30.
  • What is the proposed regional fund for? The fund aims to help Latin American countries tackle climate change impacts, complementing global efforts and implementing local solutions.
  • Why is Latin America’s vulnerability to climate change a concern? Despite low global emissions, Latin American countries face significant climate-related challenges, including recurring natural disasters.
  • What progress has been made in international climate negotiations? Negotiators have agreed on a global fund to assist vulnerable countries and acknowledged the urgency of climate action.
  • When and where will COP30 take place? COP30 will be held in Belém, Brazil, from November 10 to 21.