Overview
- Brazil launched the Tropical Forest Forever Facility to reward forest protection, seeking roughly $25 billion in public seed money and about $100 billion from private investors, with Brazil committing $1 billion.
- The European Union arrived with a diluted 2040 target framed as a 90% emissions reduction corridor that allows up to five percentage points via foreign certificates, drawing criticism from experts.
- Germany backed the Brazilian forest facility in principle but offered no concrete sum, as campaigners pressed Berlin to restore credibility on climate finance and fossil fuel phaseout.
- Only about one third of countries submitted strengthened national climate plans for the 2035 cycle, and UN analyses warn current policies track toward roughly 2.8°C of warming by 2100.
- UNHCR reported around 250 million people displaced by climate-related disasters over the past decade, urging that adaptation finance reach communities in conflict-affected states.