Overview
- Government ministers took over talks in Belém after the Brazilian presidency released a late‑Sunday summary offering menu options on weak national plans, climate finance and handling climate‑related trade disputes.
- Momentum is building for a possible end‑of‑conference decision or roadmap, with proposals to pair stronger 2030 pledges with a pathway to transition away from fossil fuels, though resistance remains.
- Assessments from the UN and Climate Action Tracker show this year’s plans are insufficient for 1.5C, prompting island states and allies to press for a formal response to the widening ambition gap.
- Financing remains a sticking point as developing countries seek a payment schedule and credibility for the $300 billion‑per‑year pledge by 2035, alongside efforts to advance adaptation funding beyond this year’s expiring target.
- UN climate chief Simon Stiell urged ministers to avoid stonewalling as protests and Indigenous actions kept up outside the venue, with President Lula expected midweek to help broker compromises ahead of Friday’s deadline.