Roadmap
These events are identified as points where global climate priorities will be established and, therefore, represent key milestones where progress on Compass reforms must be achieved. They include meetings of the G20, United Nations, World Bank-IMF boards, and more.
April
WBG/IMF Spring Meetings 2025
Milestones
Sovereign Debt Architecture
- Launch process to review/extend IMF-World Bank Debt Sustainability Framework.
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
- Four to five major commercial banks announce that they will offer no- or low-cost natural disaster and pandemic clauses in sovereign debt instruments and ensure new MVP clauses in all syndicated loans to sovereigns.
May
Voluntary DFI alliance annual meetings (ALIDE, etc.)
Milestones
Country Platforms
- The template for applicable country-led platforms is introduced for larger discussion.
Domestic Financial Market Development
- The Sustainable Finance Working Group announces a report that includes recommendations on how independent climate funds can support domestic market development through targeted investments.
African Development Bank Annual Meeting 2025
Milestones
Originate-to-Distribute Models
AfDb announce an initiative to explore launch of OtD
Shifting Insurance Models
A panel/discussion on expanding insurance penetration for weather-related risks in Africa.
June
I4C conference
Milestones
International Carbon Markets
Advance understanding of Article 6 through a series of high-level and technical plenaries featuring public and private sector leaders.
Launch of the 2025 State and Trends of Carbon Pricing Report
Domestic Carbon Markets
- Advance innovative climate solutions in carbon pricing and carbon markets through a series of high-level and technical plenaries featuring public and private sector leaders.
- Launch of the 2025 State and Trends of Carbon Pricing Report
June UN Climate Meetings 2025
Milestones
Green Supply Chains
Launch the Global Green Supply Chain Decarbonization Framework under UNFCCC with a focus on carbon-neutral and transparent supply chains for critical materials.
Country Platforms
Brazil presents on the lessons learned from the development and early implementation of its country platform.
London Climate Action Week 2025
Milestones
Country Platforms
Donors and bilateral DFIs commit initial funding to support country-sector platform development.
New NDCs
Ambitious NDCs, focusing on responsibility and the urgency of the moment, are at the forefront of conversation.
4th International Conference on Financing for Development
Milestones
Loss & Damage
FRLD finalizes operational guidelines, including criteria for fund disbursement.
New NDCs
The nexus of how climate finance, and ambitious NDCs, support development is clearly articulated.
September
New York Climate Week 2025
Milestones
Global Levies on High-Emitting Activities
- [At UNGA] Agreement on final design of new tax options agreement on final outreach plans.
Loss & Damage
First disbursements made prioritizing small island states and climate-vulnerable economies.
October
12th OECD Forum on Green Finance and Investment 2025
Milestones
Green Supply Chains
- Convene industry leaders and policymakers to refine the Green Materials Certification framework for transparent, carbon-neutral supply chains.
- Announce significant commitments from major corporations (e.g., Apple, Microsoft, and Amazon) to achieve net-zero supply chains by 2030, with an emphasis on carbon emissions in production and transportation.
WBG/IMF Annual Meetings 2025
Milestones
Guarantees
- Triple Multilateral Investment Guarantee Agency risk-taking by 2025 with complete payment guarantees.
Taxonomies, Standardization, and Disclosure
- Establishment of a permanent MDB committee to standardize and harmonize products, systems, and KPIs across the banks, with targets for 2025 and 2027.
G20 Finance Ministers and Central Bank Governors Meeting Oct 2025
Milestones
Originate-to-Distribute Models
Discuss the role of OtD and securitization models in facilitating capital flows to developing economies, with a focus on building consensus around standardizing securitization mechanisms to enhance their accessibility and scalability
Mitigating Currency Risk
G20 work on a coordinated approach to expanding FX risk mitigation tools, including MDB-backed hedging mechanisms.
November
UNFCCC COP30
Milestones
Global Levies on High-Emitting Activities
- Issuance of joint declarations of intent to implement new levies domestically or through a relevant international forum.
New NDCs
Countries expected to submit updated NDCs before COP30 indicating stronger climate commitments in line with GST.
G20 Summit 2025
Milestones
Sovereign Debt Architecture
- IFIs and the G20 to establish a clear agenda and mechanisms for debt restructuring, ensuring access to adequate concessional financing to address liquidity challenges.