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.
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.
Many countries have missed a United Nations deadline to submit updated climate targets, as efforts to address global warming face challenges following the election of U.S. President Donald Trump.
Brazilian President Luiz Inacio Lula da Silva set out ambitions for hosting the upcoming 30th Conference of the Parties to the United Nations Convention on Climate Change (COP30) which as he said would serve “as a benchmark for what we want moving forward”.
Brazil appoints veteran diplomat André Corrêa do Lago to lead COP30, set for November 2025 in Belém, Amazon.
South Korea’s top court will decide on Friday whether to remove or reinstate President Yoon Suk Yeol, whose brief martial law order sparked the country’s biggest political crisis in years.
The Pentagon’s internal debate over restructuring key military commands — including potentially ending the U.S. monopoly over NATO’s top post — has raised red flags among generals and lawmakers alike, amid growing unease in Europe.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
U.N. aid chief Tom Fletcher is set to visit Myanmar on Friday, following the country’s devastating earthquake. The U.N. is urging for urgent international assistance and unhindered aid access as the region grapples with the aftermath of the disaster.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
Brazil has named automotive industry executive Dan Ioschpe as its official “climate champion” for the COP30 summit, to be held in Belém this November.
Belgium and Vietnam have signed agreements to collaborate on green hydrogen production during King Philippe’s historic visit to Hanoi.
The World Bank reported that air pollution leads to approximately 5.7 million deaths each year, with 95% of fatalities occurring in low- and middle-income nations. It also causes economic losses amounting to 5% of global GDP due to health impacts, productivity decline, and reduced life expectancy.
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
South Korea’s top court will decide on Friday whether to remove or reinstate President Yoon Suk Yeol, whose brief martial law order sparked the country’s biggest political crisis in years.
The Pentagon’s internal debate over restructuring key military commands — including potentially ending the U.S. monopoly over NATO’s top post — has raised red flags among generals and lawmakers alike, amid growing unease in Europe.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
U.N. aid chief Tom Fletcher is set to visit Myanmar on Friday, following the country’s devastating earthquake. The U.N. is urging for urgent international assistance and unhindered aid access as the region grapples with the aftermath of the disaster.
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