Overview

• Roughly 500 delegates from about 70 countries convened in Brasília for the two‑day Pre‑COP to narrow differences ahead of COP30 in Belém next month, with no formal deals expected.
• The Brazilian presidency set three negotiation priorities for COP30: global adaptation indicators, a work program on a just transition, and operationalizing the Global Stocktake from COP28.
• Haddad presented a finance report outlining five priorities—more concessional flows, multilateral bank reform, stronger country platforms, financial innovation to mobilize private capital, and clearer climate‑finance rules—with formal presentation slated in Washington this week.
• Brazil is seeking backing for a $1.3 trillion‑per‑year climate‑finance mobilization through 2035, alongside flagship initiatives including the Tropical Forests Forever Fund, a carbon‑market integration coalition, and a cross‑border ‘supertaxonomy.’
• Acting president Geraldo Alckmin urged more ambitious national targets as only 62 of 196 parties have submitted updated 2035 plans, underscoring concerns that major emitters have yet to formalize new commitments.