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.
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COP30 ended in Brazil with a compromise agreement that expands financial support for countries facing the sharpest climate impacts, after tense negotiations stretched beyond the summit’s deadline.
Brazil pushed through a compromise climate deal at COP30 in Belém, boosting funding for developing nations but sidestepping any mention of fossil fuels — the very drivers of global warming.
As COP30 continues in Brazil, the President of the summit, Andre Correa do Lago, made a powerful call for unity, urging countries to stay committed to the Paris Agreement despite challenges.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
Belarusian President Alexander Lukashenko has confirmed that Russian-made Oreshnik missile systems have been deployed on Belarusian territory and placed on combat alert.
The European Union has postponed signing its long-awaited free trade agreement with the Mercosur bloc until January, after failing to secure sufficient backing from member states, according to media reports.
Dense smog has forced authorities in Pakistan’s Punjab province to shut several major motorways on Tuesday (16 December), stranding commuters as visibility dropped sharply and Lahore’s air quality reached hazardous levels.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
Climatologists say Poland has logged its warmest December in 74 years, with 2025 continuing a run of above-average temperatures and repeated national records.
As the world marks the tenth anniversary of the Paris Agreement, progress in combating global climate change is mixed.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
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