Overview
- Over two days in Belém, leaders set political markers before COP30 talks open Nov. 10, with negotiators now tasked to turn pledges into timetables on finance, NDCs, forests and the energy transition.
- Brazil launched the Tropical Forests Fund, pledging about $1 billion to pay for keeping tropical forests standing as an investment vehicle intended to benefit more than 70 countries.
- UN Secretary‑General António Guterres urged a “credible roadmap” for rapid emissions cuts, called fossil‑fuel investment “short‑sighted and self‑destructive,” and pressed wealthy nations to deliver promised climate finance.
- Participation gaps were conspicuous as the United States, under President Donald Trump, sent no senior delegation and China was represented by Vice Premier Ding Xuexiang, fueling concerns about weakened cooperation.
- Lula’s leadership bid drew scrutiny over Petrobras’ new oil exploration near the Amazon’s mouth even as Brazil touts reduced deforestation and floats channeling oil revenues toward a just energy transition.