Overview
- Brazil published a nine‑page “Mutirão mondiale” compromise draft that lays out multiple options without settling core disputes as ministers enter the final days.
- The European Union reaffirmed that its carbon border adjustment mechanism is not up for negotiation, with the levy due to begin in January for steel, aluminium, cement, fertilisers, electricity and hydrogen.
- China and other exporters criticized the EU measure as protectionist, elevating trade to a central issue as the draft floats options for handling unilateral measures, from a platform to a UN‑led summit.
- The text proposes, as options, annual publication of a synthesis of national climate plans and tripling adaptation finance for developing countries by 2030 or 2035.
- Debate over a pathway to exit fossil fuels remains unresolved, with O Globo reporting a 80‑country group backing a roadmap, and large Indigenous‑led protests in Belém keeping pressure on negotiators.