Overview
- Delegations prioritize finishing the carbon‑market rulebook and other implementation decisions rather than pursuing a new grand accord.
- The EU files a 2040 target of a 90% cut from 1990 levels that permits up to five percentage points via international certificates, drawing warnings from experts of a weakened path.
- Brazil unveils the Tropical Forests Forever Facility with intent from more than 50 countries and reported pledges above $5.5 billion, including a commitment to route at least one‑fifth to Indigenous and local communities.
- Finance talks center on operationalizing the New Collective Quantified Goal, which calls on industrialized countries to mobilize at least $300 billion annually by 2035 toward a broader $1.3 trillion objective.
- Policy groups, including the World Resources Institute, press for a clear 1.5°C roadmap, accelerated sectoral action, long‑term strategies, stronger coalitions beyond the UN process, and a finance package seen as credible.