Overshoot, Justice, and Multilateral Sovereign Guarantee Mechanisms in Climate Policy and Finance

As COP30 deliberations are on, this high-level side event on “Overshoot, Justice, and Multilateral Sovereign Guarantee Mechanisms in Climate Policy and Finance” brings together leading experts to examine the mounting risks of climate overshoot and the pathways for a just and equitable response. With the latest modelling scenarios showing that temperature overshoot could trigger irreversible impacts, limits to adaptation, and escalating loss and damage, the session will explore how just transition policies can integrate multilateral sovereign guarantee mechanisms to support development priorities and unlock financial benefits for developing countries.

The discussion aims to present forward-looking insights on equity-centered climate policy, innovative financial architecture, and practical approaches to strengthen global resilience in an overshoot world.