COP30 in the Amazon Tests Brazil’s Green Push as U.S. Skips Talks
Brazil’s showcase forest fund faces criticism for clashing with its oil expansion.
Overview
- The conference is underway in Belém, placing global climate talks in the heart of the Amazon.
- The United States under President Trump did not attend the leaders’ summit and sent no senior representatives to the technical negotiations, according to the report.
- Brazil is promoting the $125 billion Tropical Forests Forever Fund, to be managed by the World Bank with public and private financing and annual returns for countries that preserve forests.
- Weeks before COP30, state oil firm Petrobras secured a license to drill in the Amazon estuary, intensifying scrutiny of Brazil’s environmental stance.
- The EU‑Mercosur trade deal is expected soon, with cited analyses warning it would expand commodity exports and accelerate deforestation in Mercosur countries.