Overview
- Roughly 50 heads of state convene for a leaders’ summit in Belém ahead of formal talks Monday, with the United States not represented at the highest level after its exit from the Paris Agreement.
- Brazil unveils the Tropical Forests Forever Facility targeting up to $125 billion, using satellite verification to reward low deforestation and penalize forest loss.
- Under the TFFF concept, countries with annual deforestation below 0.5% would receive about $4 per hectare preserved, while a $140-per-hectare penalty would apply for forest destroyed.
- EU environment ministers set a 2040 goal of at least a 90% emissions cut versus 1990 with up to five percentage points met via foreign credits and delayed fuel coverage in the ETS to 2028, pending European Parliament negotiations.
- Only about one third of countries submitted updated climate plans before COP30 as UN assessments warn current policies point to roughly 2.8°C of warming and 2024 reached around 1.5°C above pre‑industrial levels.