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Brazil Unveils COP30 Draft, Presses Midweek Deal as Trade Disputes Take Center Stage

The presidency is forcing rapid decisions with a two-step timetable to secure a package before Friday.

Overview

  • The nine-page “Global Mutirão” draft presents 21 options across finance, trade, fossil-fuel transition and transparency, including a proposal to assess national pledges annually.
  • The text floats tripling adaptation finance by 2030 or 2035 and outlines trade pathways such as a UN secretary‑general–convened summit on climate trade disputes.
  • On fossil fuels, the draft shows deep splits by offering a workshop, a high‑level roundtable on reducing dependence, or no text in lieu of a phaseout roadmap.
  • Brazil set a two‑stage plan targeting a package by Wednesday with remaining issues by Friday after a direct letter urged swift compromises, and talks have stretched past midnight.
  • Political pressure is rising as President Lula returns to Belém with UN chief António Guterres on site, while major street mobilizations and Indigenous groups push for justice‑focused outcomes.