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Leaders Convene in Belém to Set Course for COP30 as Finance and Targets Lag

The meeting is intended to set a political signal to raise ambition in the face of pledges that fall far short of the 1.5°C pathway.

Overview

  • Heads of state and senior officials gather Thursday and Friday in the Amazon city for a Global Leaders Summit ahead of COP30.
  • Roughly a third of countries have filed updated targets, which currently add up to about a 10% emissions cut by 2035, far below scientific guidance.
  • U.N. analyses warn current policies could push warming beyond 3°C by 2100, and António Guterres recently said an overshoot of 1.5°C is inevitable without stronger action.
  • Finance is a central focus with calls to scale the $300 billion-by-2035 pledge, advance the Baku-to-Belém Roadmap targeting $1.3 trillion annually by 2035, and elevate Brazil’s proposed $125 billion Tropical Forests Forever Facility.
  • Geopolitical strains and U.S. policy rollbacks weigh on cooperation even as clean-energy investment reaches records and fossil-fuel use remains stubbornly high.