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4h ago

COP30 Leaders Open in Brazil’s Amazon With Finance Push as U.S. Stays Away

Brazil seeks to turn past pledges into tangible funding for forests and adaptation as the summit’s dynamics shift without a high‑level U.S. presence.

The Amazon rainforest and the city of Belém in the background, on August 10, 2025.
The COP30 logo in Belém, Brazil, ahead of the summit on November 3, 2025.
A drone view shows people pass by the Linear da Nova Doca Park, inaugurated by Brazil's President Luiz Inacio Lula da Silva (not pictured) who is overseeing the preparations for the COP 30 climate summit, scheduled to be held in November, in Belem, Para state, Brazil October 2, 2025.

Overview

  • A two-day Global Leaders Summit begins in Belém ahead of the Nov. 10–21 negotiations, with EU and UK leaders among those attending.
  • The United States is sending no senior officials after President Donald Trump’s Paris pullout, while China is represented by Deputy Prime Minister Ding Xuexiang.
  • Brazil plans to unveil the Tropical Forests Forever Fund, a permanent facility intended to reward rainforest protection and attract private co-finance.
  • With hotel shortages and steep costs in Belém, many business and finance leaders are convening at parallel events in São Paulo instead of traveling to the summit site.
  • Most countries missed the deadline for updated 2035 targets as U.N. reports warn of a likely 1.5°C overshoot, intensifying calls for a finance roadmap and prompting subnational engagement such as California Governor Gavin Newsom’s planned attendance.