Climate Policy Initiative Launches Reform Compass to Track Global Climate Finance Progress

Climate Policy Initiative has created the Climate Finance Reform Compass, a tracking tool covering nine thematic areas of financial sector reform needed to scale global climate finance. A Brazil-specific version has also been launched as a national-level implementation platform, aligned with Brazil's G20 presidency and its hosting of COP30 in Belém.

The Global Climate Finance Reform Compass serves as the official tracker of the COP28 Global Climate Finance Framework, translating global commitments into pragmatic goals and milestones across areas including fiscal policy, development bank mandates, and transition-ready labour markets. The tool helps public and private stakeholders identify reform priorities, coordinate action, and measure results. By aligning milestones with major global decision moments such as COPs and G20 summits, the Compass aims to direct collective efforts toward reforms where change is most achievable in the near term.

The Brazil Climate Finance Reform Compass applies the same structure at the national level, tracking progress across eight key themes and 24 reform areas. Developed through desk research, policy mapping, and consultations with national stakeholders, it contextualises the Global Climate Finance Framework for Brazil's institutions, regional forums, and financial mechanisms. The platform brings together government commitments, development bank actions, private investor activity, and civil society engagement into a unified progress view toward 2030 goals. Brazil's dual role as G20 host and COP30 president gives its domestic climate finance alignment exercise unusual international visibility.

Both Compasses are designed as living tools, updated periodically to reflect policy evolution and new stakeholder input. The initiative is intended to bridge the gap from global ambition to country-led implementation by helping to align climate finance reform with sustainable development priorities and ensuring progress can be tracked, coordinated, and accelerated. CPI stated that moving from talk to action on the global scale of climate finance mobilisation requires coordinated efforts by diverse stakeholders on concrete milestones in the coming years, and the Compass framework provides a shared language for that coordination.

Key figure — 24 reform areas tracked in the Brazil Climate Finance Reform Compass