Montreal Protocol Parties Agree to $695M Fund for 2027-2029

Delegates at the Thirty-Eighth Meeting of the Parties to the Montreal Protocol agreed on a 2027–2029 Multilateral Fund replenishment package of $695 million in Kigali, supporting developing nations in phasing out ozone-depleting substances and hydrofluorocarbons.

The negotiations extended into the early hours of Saturday morning, concluding a week-long summit hosted by the Government of Rwanda from November 2 to 7, 2026. The financial package consists of $360 million in new contributions alongside $335 million in carryover funding, designed to maintain the momentum of the ozone recovery framework.

This summit also marked the tenth anniversary of the landmark Kigali Amendment, which brought parties back to the exact venue where the global phasedown of hydrofluorocarbons was originally adopted. Executive Secretary of the Montreal Protocol Ozone Secretariat Meg Seki noted during her opening address that phasing out 99.5 per cent of ozone-depleting substances to date has secured vital ozone layer recovery.

“Through the Kigali Amendment and energy efficiency on cooling, we can avoid up to one degree Centigrade of global warming by the end of this century,” Meg Seki told delegates.

Parties Address HFC-23 Emission Reporting Discrepancies

Beyond the core funding agreement, delegates tackled persistent gaps regarding high levels of HFC-23 emissions. Updates presented by the Technology and Economic Assessment Panel and the Scientific Assessment Panel highlighted a clear discrepancy between reported and observed atmospheric levels of this potent greenhouse gas.

Parties ultimately adopted a decision encouraging the voluntary sharing of observationally derived emissions data. They also requested further scientific analysis from the Scientific Assessment Panel to reconcile bottom-up and top-down reporting inconsistencies.

New Destruction Technology and Reduced Meeting Durations Approved

To enhance institutional efficiency, the parties approved the steam plasma arc as a recognized destruction technology for concentrated sources of chlorofluorocarbons, hydrochlorofluorocarbons, and hydrofluorocarbons. Delegates also agreed to a trial reduction in 2027 of the Open-ended Working Group meeting duration from five days down to four days.

Replenishment Component Allocation (USD)
New Contributions $360 million
Carryover Funding $335 million
Total MLF Package (2027–2029) $695 million

Further organizational changes included restructuring the Medical and Chemicals Technical Options Committee and limiting reporting requirements for specific committees to every two years. In total, 22 decisions were adopted during the Kigali meeting, including the approval of the annual budget for Ozone Secretariat operations for 2027.

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Omar El Sayed - World Editor

Omar El Sayed is Archyde’s World Editor, focused on international affairs, diplomacy, conflict, and cross-border political developments. He brings a global newsroom perspective to complex events and helps readers understand how regional stories connect to wider geopolitical shifts.

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