Overview
- Heads of state and senior officials gathered in Belém for a two-day leaders' segment to frame negotiations on mobilizing roughly $1.3 trillion per year for developing countries.
- Brazil's Luiz Inácio Lula da Silva advanced a Tropical Forests Forever-style facility using blended finance, targeting about $25 billion in seed contributions leveraged via bonds to near $125 billion for forest conservation.
- Norway offered up to 30 billion kroner in loans to the new rainforest fund, providing early support for Brazil's forest-centered finance push.
- The United States declined high-level participation and China was represented by Vice Premier Ding Xuexiang, a downgrade that shifted attention to European and Latin American leaders and prompted pointed criticism of U.S. policy from several speakers.
- UN Secretary-General António Guterres called the shortfall on 1.5°C a moral failure, as lodging shortages and a presidential decree authorizing armed-forces security highlighted the host city's logistical strains.