Overview
- At the Belém pre‑summit, António Guterres called the shortfall a moral failure and urged a halt to new coal, oil and gas projects and to global deforestation by 2030.
- Brazil unveiled the Tropical Forests Forever Facility to channel billions into rewarding countries that keep rainforests standing, with penalties envisioned for destruction.
- EU environment ministers set a 90 percent emissions‑cut target for 2040 but delayed the transport‑and‑buildings carbon market to 2028 and opened up to foreign credits.
- Only about one third of nations filed updated climate plans before the deadline, while UN assessments still project roughly 2.5–2.8°C of warming under current policies.
- The U.S. has quit the Paris Agreement and is not sending senior negotiators, as roughly 50,000 participants arrive and leaders including Merz, Starmer and Macron join talks.