Overview
- Delegations set a headline target to mobilize at least $300 billion per year for climate finance by 2035, with negotiators acknowledging the need for more than four times that amount largely from private sources.
- Brazil proposes a roadmap to wind down coal, oil and gas, a move that faces pushback from fossil-fuel exporting states and remains unresolved in talks.
- UN assessments referenced by negotiators indicate current national pledges would steer the world toward roughly 2.8°C of warming, as countries discuss how to track adaptation progress.
- Baerbock calls the climate crisis the greatest threat of the era, citing about 3.6 billion people highly vulnerable and noting renewables made up roughly 90% of new energy installations last year.
- Civil society pressure is intense in Belém, with a mass march expecting tens of thousands and visible indigenous participation, while delegations report heat, unfinished facilities and security lapses at the venue.