COP30 Countdown: EU Poised to File New Target as Hosts Promote $1.3 Trillion Finance Roadmap

Overview

• With the UNFCCC deadline past, only 62 updated NDCs will feature in the synthesis report, and the European Union is expected to submit its delayed update next week.
• At the Brasília pre‑COP, Brazil’s Marina Silva urged criteria for a gradual fossil‑fuel phaseout, a push facing resistance and currently outside the formal agenda.
• Brazil and Azerbaijan are advancing a Baku‑to‑Belém financing plan targeting $1.3 trillion by 2035, complemented by Brazil’s $1 billion seed pledge to the Tropical Forests Forever Facility.
• Belém’s lodging constraints persist, with 87 countries confirmed with rooms and 90 still negotiating, raising concerns over inclusive participation.
• High‑level attendance is taking shape, with confirmations including Emmanuel Macron, European Council President António Costa and Prince William, and 162 delegations registered to participate.