COP30 Opens in Belém With Push for Action as Brazil Unveils Forest Finance and Tougher Target

Overview

• Formal negotiations begin on Nov. 10 in the Amazon after a leaders’ summit called for urgency and a pivot from pledges to delivery.
• Brazil launches the Tropical Forests Fund with a $1 billion national commitment, structured as an investment vehicle that rewards keeping forests standing.
• Brazil submits a revised NDC to cut emissions 59–67% by 2035, while only 106 parties have filed updated targets so far, underscoring an ambition gap.
• Coverage points to geopolitical strain, including a low-level U.S. delegation and reporting that Washington pressured countries to resist an IMO shipping pollution tax.
• States and cities issue a joint declaration offering territorial, nature-based and renewable solutions and urging scaled finance, with support from UN envoy Michael Bloomberg.