Overview
- Organizers are shifting focus from new pledges to delivery through themed action days, ‘mutirão’-style collaboration, and a proposed decade roadmap, while resisting the traditional single cover decision.
- Finance will dominate with a joint COP29–COP30 plan to mobilize about $1.3 trillion a year by 2035 for developing countries, which several nations say remains short of need.
- Brazil plans to unveil the Tropical Forests Forever Facility to pay countries for conserving forests, with President Lula pledging $1 billion in seed funding.
- Belém’s limited lodging and high costs have led to slimmer delegations and offsite gatherings in São Paulo and Rio, underscoring pressure to streamline the COP process.
- Scientific warnings are intensifying as researchers say warm-water coral reefs have crossed a tipping point and global CO2 hit record levels, prompting veteran negotiators to call for structural reforms even as Brazil’s oil expansion tests its credibility.