Overview
- U.N. Secretary‑General António Guterres warned leaders that missing the 1.5°C limit is a moral failure and pressed for an urgent course correction.
- Brazil unveiled its Tropical Forests Forever Facility targeting roughly $125 billion through blended finance and is seeking at least $10 billion in starter pledges, with expected contributions from China, Norway and Germany as the UK declined to offer cash.
- The leaders’ segment precedes formal talks to set an implementation focus and steer negotiations on updated national targets, with China represented by Vice Premier Ding Xuexiang and no high‑level U.S. representation.
- Brazil’s push for forest finance coincides with criticism over new oil exploration near the Amazon, highlighting tensions in the host’s climate posture.
- Severe lodging shortages and improvised accommodations in Belém are constraining delegations even as Brazil’s openness enables visible protests by Indigenous and civil society groups.