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Brazil Publishes Early COP30 Draft With Divergent Options on Finance, Trade and Emissions

Lula plans a return to Belém to push delegates toward a deal before the scheduled Friday close.

Overview

  • The nine-page “Global Mutirão” text, released unusually early, presents multiple competing choices on key issues rather than a single compromise.
  • On fossil-fuel dependence, options span a ministerial dialogue, a technical workshop on low‑carbon solutions, or no language at all.
  • The draft proposes shifting to annual calls for new national climate targets under the Paris Agreement instead of the current five‑year cycle.
  • Developing countries’ call to triple adaptation funding by 2030 or 2035 is included, leaving finance details for hard bargaining.
  • Trade language outlines four approaches, including a possible UN summit on disputes, as China and India challenge barriers like the EU’s CBAM and EU commissioner Wopke Hoekstra labels parts of the text unacceptable.