The recent climate finance negotiations highlighted the complexity of international cooperation, particularly when it comes to establishing new funding mechanisms. The discussions were notably challenging due to the current economic climate, with higher interest rates and shifting global security dynamics complicating matters further. Despite these hurdles, nations acknowledged the urgent need to increase financial support swiftly to meet environmental targets. Norway’s environment minister emphasized that while binary questions in international talks are always difficult to navigate, there was a shared recognition of the pressing need for action.

The BRICS countries—Brazil, Russia, India, China, and South Africa—were instrumental in shaping the negotiations both publicly and behind closed doors. They aligned closely with the African group's demands, positioning themselves as strong advocates for developing nations. A significant turning point came when Brazil introduced a proposal on the final day, which served as the foundation for the eventual compromise. This proposal helped rebalance earlier drafts that leaned too heavily toward wealthy nations' interests. Notably, the United States, which has not ratified the treaty, did not participate in the negotiations or even observe the proceedings.

In the end, the European Union expressed satisfaction with the outcome, as it avoided the immediate creation of a new fund—a key concern for the EU. An EU official remarked that while each country fought for its own interests, this is both normal and legitimate. The official added that all parties made necessary compromises, and the dialogue with BRICS countries was crucial in achieving a positive result. The successful conclusion of these talks underscores the importance of collaboration and mutual understanding in addressing global challenges, demonstrating that progress can be made even in complex and contentious environments.