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COP30 Opens in Belém With $1.3 Trillion Finance Drive and Rainforest Fund Launch

Leaders prioritize a new funding roadmap at a summit missing key emitters.

Overview

  • An opening leaders' session in Belém set the stage for two weeks of talks focused on agreeing a roadmap to mobilize roughly $1.3 trillion annually for developing countries.
  • Brazil unveiled its Tropical Forests Forever fund, with Norway pledging up to 30 billion kroner in loans, as President Luiz Inácio Lula da Silva called for plans to end deforestation and reduce reliance on fossil fuels.
  • UN Secretary-General António Guterres called failure to keep warming to 1.5C a “moral failure,” aligning with WMO data showing 2025 on track to be among the hottest years and January–August temperatures 1.42C above pre-industrial levels.
  • The United States skipped the leaders' meetings, China sent its vice premier, and India’s leader did not attend, drawing concern over diminished diplomacy and spurring calls to curb fossil fuels and methane.
  • Brazil authorized armed-forces support for security, while Indigenous groups and activists held open demonstrations as limited lodging and infrastructure strained the Amazon host city.