Overview
- Delegates convene in Belém for two weeks of talks focused on accelerating emissions cuts, adaptation measures and a managed transition away from fossil fuels.
- The United States has withdrawn from the Paris Agreement again and is not sending senior officials, a void negotiators say will complicate efforts to restore cooperation.
- A Baku-to-Belém finance plan targets $1.3 trillion a year by 2035, including $300 billion from wealthy nations, underscoring a gap between ambition and current funding levels.
- Brazil’s new Tropical Forests Forever Facility drew early backing, with Norway pledging $3 billion over 10 years, China saying it will invest, and France and Germany indicating support, while the UK held back.
- Only about a third of countries have submitted updated 2025–2035 climate plans, as UN agencies warn a near-term overshoot of 1.5C is likely without faster action and stronger delivery.