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Overview
- In his opening address, Lula denounced disinformation and extremism, reaffirmed science and multilateralism, and urged action to keep the 1.5°C goal within reach.
- The COP29–COP30 presidencies unveiled the Baku-to-Belém Roadmap to mobilize at least US$1.3 trillion per year through 2035, outlining options such as taxes on aviation and luxury, a financial transactions levy, and multilateral development bank reforms.
- Brazil promoted the Tropical Forests Forever Fund, with a US$1 billion initial Brazilian pledge, a target of US$125 billion combining public and private capital, and a near-term goal of raising US$10 billion from governments.
- Lula held bilateral meetings with the UK’s Prince William and Prime Minister Keir Starmer and France’s Emmanuel Macron, as roughly 140 delegations convened with about 57 led by heads of state and with no top-level U.S. participation and no presence by China’s president.
- Environmental groups welcomed the call to phase out fossil fuels and demanded measurable targets and financing plans, highlighting tensions such as Brazil’s recent offshore oil exploration license.