Overview
- Formal negotiations are under way after the leaders' segment, with adaptation finance and Brazil's Tropical Forest Forever Fund—seeking $25 billion in state money plus $100 billion in private capital—at the core of the talks.
- The United States is not sending a delegation after its renewed Paris withdrawal, removing a major funder and negotiator from the table.
- The EU set a 2040 pathway toward a 90% cut that permits up to about five percentage points via international carbon certificates, a move critics call backsliding.
- Germany endorsed the rainforest fund in principle but offered no concrete pledge, as Chancellor Friedrich Merz promised only an unspecified 'significant' amount.
- UN assessments put the world on roughly 2.8°C under current policies, with only about one third of countries submitting strengthened 2035 climate plans.