COP30 in Belem: Brazil’s Climate Finance and Action Plan
Why in the news
Brazil urged a shift from negotiation to a decade of implementation. COP30 President-designate Andre Correa do Lago likened it to a football “virada”, or turnaround.
Key facts
| Initiative | Purpose |
|---|---|
| Baku to Belem Roadmap to 1.3T | Find new climate finance sources |
| Interim stocktake | Spot gaps before the next Global Stocktake in 2028 |
| Circle of Presidencies | Join climate, biodiversity and land restoration work |
- First Global Stocktake (GST): COP28 Dubai, 2023.
- The Circle unites COP hosts from COP21 (Paris) to COP29 (Baku) with the heads of the CBD and CCD.
Concerns
- Emission cuts and finance lag behind needs.
- US withdrawal under Donald Trump worries negotiators.
Exam angle
- Host city: Belem, near the Amazon.
- Finance target: $1.3 trillion by 2035.