Starting this Monday, ministers will take up a discussion board that remains deadlocked on the most sensitive issues.<\/p>\n\n\n\n
A long-standing demand from the Global South (climate finance) and new emissions reduction targets remain off the formal agenda, even though Brazil, the forum\u2019s host, insisted that the inclusion of topics depends exclusively on the will of the member states.<\/p>\n\n\n\n
\u201cDecisions are made from the bottom up,\u201d reiterated the president of the 30th United Nations Climate Change Conference (COP30), Andre Correa do Lago.<\/p>\n\n\n\n
To prevent the mega-meeting from stalling, Brazil appointed foreign ministers as facilitators for the most complex issues: finance, mitigation, just transition, and the \u201cglobal stocktake,\u201d a mechanism that assesses compliance with the Paris Agreement.<\/p>\n\n\n\n
In the first week, the biggest announcements came not from governments, but from the private sector, which pledged investments of \u201ctrillions of dollars,\u201d according to the UN.<\/p>\n\n\n\n
But developing countries consider it insufficient that the bulk of the financing depends on private capital and demand that the target approved at COP29 (300 billion dollars annually) come primarily from public funds.<\/p>\n\n\n\n
Their aspirations are more ambitious: to reach 1.3 trillion dollars. With that as a benchmark, the presidencies of COP29 and COP30 proposed studying global taxes on key sectors, although Brazil has already admitted that there is no consensus and that any progress will have to wait until after 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"
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