Overview
- Brazil’s presidency published a nine-page Global Mutirão draft with 21 options that bundle decisions on fossil fuels, scaled finance, trade-related measures and stronger transparency.
- The text offers choices ranging from a workshop or ministerial roundtable on overcoming fossil-fuel dependence to a formal roadmap push, with oil producers resisting and a coalition of roughly 80 countries backing stronger phaseout language.
- Options include shifting to annual reviews of national climate pledges to track progress more frequently, a move intended to tighten accountability between formal target cycles.
- Developing countries pressed for tripling adaptation finance to about $120 billion a year by 2030 or 2035, while EU officials signaled no increase and criticized proposals that would reopen last year’s finance compromises.
- Trade is a key flashpoint with China opposing unilateral measures such as the EU’s carbon border fee, and the draft floats responses including a UN secretary-general–convened forum on climate trade disputes as negotiators work overnight with Lula and the UN chief on site and the United States absent.