Brazil’s COP30 summit aims to spotlight developing nations' climate finance needs, pushing wealthy countries to meet funding pledges amid challenges from the U.S. withdrawal from the Paris Agreement.
As global leaders address the U.S. withdrawal from the Paris Agreement, Brazil, host of this year’s COP30 climate summit, aims to amplify developing nations' voices in the ongoing debate over funding the global transition to cleaner energy.
At last year’s COP29 summit in Baku, Azerbaijan, nations pledged $300 billion annually by 2035 to support developing countries, tripling the current $100 billion target.
However, this figure remains below the $1.3 trillion developing nations claim is needed. The funding battle is expected to continue at COP30.
Andre Correa do Lago, COP30’s newly appointed president, acknowledged the challenges ahead, particularly without U.S. involvement in negotiations. Under President Biden, the U.S. introduced climate-friendly policies and boosted funding through institutions like the World Bank. Without such efforts, Correa do Lago warned, increasing climate finance will be more difficult.
Despite these obstacles, Correa do Lago emphasized the unity among developing nations in resisting wealthy countries’ calls to expand the base of contributors to climate finance. Emerging economies like China and Gulf states are being pressured to contribute, but Correa do Lago argues this diverts responsibility away from historically high-emitting wealthy nations.
“What developed countries want isn’t to increase the financial resources, they want to lower their contribution in donating financial resources and that is naturally and profoundly wrong,” Correa do Lago said.
The U.S. withdrawal raises concerns regarding leadership at COP30. Traditionally, the United States, European Union, and China have played pivotal roles in driving negotiations. At COP29, China's climate envoy, Liu Zhenmin, acknowledged the challenges of compensating for the absence of the U.S., despite aspirations for enhanced collaboration between the EU and China.
Brazil plans to leverage its BRICS presidency to rally developing nations, fostering consensus to maintain pressure on wealthy nations. Correa do Lago highlighted Brazil’s deforestation mitigation efforts and China’s significant investments in clean energy, such as affordable solar panels and electric vehicles, as meaningful contributions to combating climate change.
Correa do Lago reaffirmed that developing countries are already making significant sacrifices and contributions to address the global climate crisis.
UN Secretary-General Antonio Guterres called on world leaders to urgently step up climate efforts ahead of COP30, stressing that the planet faces deepening threats from worsening environmental disasters.
At the Antalya Diplomacy Forum, COP29 President Mukhtar Babayev highlighted Azerbaijan’s climate leadership, unveiling the Baku to Belem Roadmap. The initiative aims to scale climate finance to $1.3 trillion by 2035, with global cooperation to support developing nations.
Brazil has named automotive industry executive Dan Ioschpe as its official “climate champion” for the COP30 summit, to be held in Belém this November.
The United Nations climate summit model is showing its limits, despite decades of negotiations, said COP30 President Andre Correa do Lago, calling for a new era focused on action rather than prolonged talks.
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Russia and Iran have signaled their commitment to deepen energy cooperation by working on new overland gas corridors, according to a statement from the Russian Cabinet.
Pakistan shut the Wagah border, expelled Indian defence attachés and warned of war over water on Friday after rejecting India’s move to suspend the Indus Waters Treaty.
Citing sustained cross-border terrorism and a recent deadly attack in Jammu and Kashmir, India has decided to suspend the Indus Waters Treaty with Pakistan, a decision that marks a significant shift in regional water diplomacy.
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Leaders from around the world, including the President of the EU Commission Ursula von der Leyen, will come together today to address the global challenges and opportunities of speeding up the clean energy transition.
UN Secretary-General Antonio Guterres called on world leaders to urgently step up climate efforts ahead of COP30, stressing that the planet faces deepening threats from worsening environmental disasters.
Oman, the Netherlands, and Germany have signed an agreement to establish the world’s first liquid green hydrogen import corridor, linking Oman’s Duqm port with Amsterdam and Duisburg. The project aims to supply Europe with renewable hydrogen, supporting clean energy goals.
The Copernicus Climate Change Service (C3S) reports that March 2025 was the second-warmest globally and the warmest on record in Europe, signaling ongoing changes in global climate trends.
China has unveiled an ambitious expansion of its renewable energy programme, pledging major investment in solar and wind infrastructure to boost clean energy to 40% of its power mix by 2030—marking a decisive shift toward grid integration and nationwide deployment.
Poland has submitted a judicial reform plan to European legal experts, aiming to reverse PiS-era changes criticized by the EU and unlock frozen funds. The move comes ahead of presidential elections, with a Tusk-backed candidate leading in polls.
The U.S. has proposed a final peace framework to end the Russia-Ukraine war, offering a ceasefire, territorial compromises, security guarantees for Ukraine, and renewed economic ties with Russia, according to talks held in Paris.
Russia and Iran have signaled their commitment to deepen energy cooperation by working on new overland gas corridors, according to a statement from the Russian Cabinet.
Pakistan shut the Wagah border, expelled Indian defence attachés and warned of war over water on Friday after rejecting India’s move to suspend the Indus Waters Treaty.
Citing sustained cross-border terrorism and a recent deadly attack in Jammu and Kashmir, India has decided to suspend the Indus Waters Treaty with Pakistan, a decision that marks a significant shift in regional water diplomacy.
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