Overview
- The Brazilian presidency released a nine‑page ‘Global Mutirão’ draft that retains conflicting options on fossil‑fuel language, climate finance and unilateral trade measures.
- China, the EU, Canada, the UK, Mexico, Chile and Zambia joined Brazil in launching the Open Coalition on Compliance Carbon Markets to harmonize emissions trading systems over time.
- Ministers rallied behind the TAFF push for a just roadmap to transition away from fossil fuels, with backers citing support from roughly 80 countries but no binding exit timetable.
- The draft explicitly references disputes over trade tools such as the EU’s CBAM, with options including a UN forum to address climate‑related trade conflicts and strong pushback from China and India.
- Germany pledged €60 million to the global Adaptation Fund and €138 million for grid expansion in the Global South, even as it fell to 22nd in the Climate Change Performance Index and faced Brazilian criticism of Chancellor Friedrich Merz’s remarks about Belém.