Overview
- Talks opened in Belém on Nov. 10 with roughly 50,000 participants through Nov. 21, launching a process to update 2035 commitments and accelerate fossil-fuel phase‑out pathways.
- The UN secretary‑general said exceeding 1.5°C is now inevitable and urged countries to keep any overshoot as brief and small as possible.
- Brazil’s Tropical Forest Forever Facility drew initial pledges above $5 billion, including $3 billion from Norway, alongside official data showing an 11% annual drop in Amazon deforestation.
- Climate finance signals included a record $3.26 billion year for the Green Climate Fund and a $100 million Bloomberg Philanthropies pledge targeting methane, with discussions of forming a coalition.
- High‑level attendance from major emitters is limited and the United States sent no senior officials, while organizers reported unfinished pavilions and other logistical concerns in Belém.