Lula Urges Fast Shift From Fossil Fuels as Belém Summit Sets COP30 Agenda

Overview

• In Belém, President Luiz Inácio Lula da Silva called on countries to abandon fossil‑fuel‑intensive development and accelerate the energy transition.
• Lula urged multilateral cooperation and proposed raising climate finance through a global minimum tax on multinationals plus a levy on the ultra‑wealthy.
• Brazil announced a tropical‑forest investment fund, with Norway pledging $3 billion, Brazil and Indonesia $1 billion each, France €500 million, and Germany signaling a significant contribution.
• Lula cited an open coalition of regulated carbon markets launched by Brazil, China and the European Union to align standards and scale public revenue.
• Leaders outlined practical next steps for COP30, with Emmanuel Macron urging national phase‑out roadmaps, UNFCCC officials noting record renewable investment, Laurent Fabius stressing implementation and adaptation, and negotiators preparing to debate a proposed tax on first‑class flights and private jets.