Overview
- Brazil’s Tropical Forests Forever Facility launched with roughly $5–5.5 billion in first-day pledges and a longer-term aim to mobilize about $125 billion to reward rainforest protection.
- Brazil, the European Union, China and other countries announced a coalition to harmonize emissions trading systems toward a shared global carbon market framework.
- Top emitters’ leaders were absent from the leaders’ segment, with US President Donald Trump boycotting and China’s Xi Jinping and India’s Narendra Modi not attending in person.
- Indigenous participation is highly visible, with thousands of delegates and protests targeting new offshore oil exploration near the Amazon’s mouth and a planned railway through Indigenous territories.
- Brazil’s push to end deforestation coexists with Ibama’s approval of Petrobras’ exploratory drilling and plans for major transport projects, even as official data show an 11% drop in Amazon deforestation over the past year.