Overview
- Brazil released its near-100‑page Baku to Belém Roadmap targeting $1.3 trillion a year in global climate finance by 2035, calling it a blueprint to convert pledges into capital.
- EU environment ministers approved a compromise 2040 goal with an 85% domestic cut and up to 5% international credits, added a biennial review, and delayed a new carbon market to 2028.
- Brazil is pushing to launch the Tropical Forests Forever Facility of about $125 billion with the World Bank as host, but the UK declined to commit funding as Lula seeks backing from other leaders.
- Only 67 of 195 Paris Agreement parties had updated 2035 pledges by late October, the US targets were voided by its Paris withdrawal, and China set a first absolute emissions reduction of 7–10% from peak by 2035.
- Scientists warn the Amazon is edging toward a tipping point, citing expanding droughts, floods and extensive deforestation and degradation as COP30 opens in the rainforest’s gateway city.