Lula Opens COP30 Leaders’ Summit in Belém as Brazil Drives New Climate-Finance Push

Overview

• The two-day leaders’ gathering begins in the Amazon city ahead of formal COP30 negotiations set for November 10–21.
• Brazil is launching the Tropical Forests Forever Facility targeting about US$125 billion; Brazil has pledged US$1 billion, with further country contributions still under negotiation and the UK not announcing adhesion at this stage.
• The COP29 and COP30 presidencies unveiled the non-binding Baku-to-Belém roadmap to mobilize at least US$1.3 trillion per year by 2035 through measures such as sector levies, SDR reallocation and multilateral bank reforms.
• Security is centrally coordinated by Brazil’s Federal Police under a GLO operation, with flight-restriction zones enforced by the Air Force and UN-managed security inside the Blue Zone via a liaison arrangement.
• Organizers count 57 heads of state or government among 143 delegations, with no high-level U.S. presence, as Lula uses bilaterals with leaders including Finland and the European Commission to seek TFFF support and advance a December Mercosur–EU signing.