Brazil Urges Climate Action at COP30, Seeks $1.3 Trillion in Funding

Brazil, hosting COP30, calls for a shift from negotiations to action on climate change, aiming for $1.3 trillion in annual climate finance for developing nations. COP President-designate Andre Correa do Lago emphasizes collective action and presents the ‘Baku to Belem Roadmap to 1.3T’ initiative. Brazil also seeks to conduct an interim stocktake on climate action progress and engage past COP leaders for collaborative solutions.

In response to the urgent climate crisis, Brazil, the host of COP30, emphasizes a need for a substantial shift in focus from negotiations to decisive action over the next decade. COP30 President-designate Andre Aranha Correa do Lago urges nations to seize this opportunity, drawing a parallel to Brazil’s football culture of making comebacks. He stated, “As a nation of football, Brazil believes in ‘virada’ – turning the game around when defeat seems certain. Together, we can make COP30 the moment we change course.”

Correa do Lago further highlights the necessity for collective actions in combating climate change by addressing the ever-looming threat of unchecked global warming that could disrupt societies and economies. “Change is inevitable – either by choice or by catastrophe,” he asserted, advocating for proactive measures to reshape the future positively.

With COP30 scheduled for November 10-21 in Belem, Brazil aims to gather support for mobilizing $1.3 trillion annually by 2035 for developing nations, greatly exceeding the previous commitment of $300 billion established at COP29. Brazil has introduced the ‘Baku to Belem Roadmap to 1.3T’ initiative to facilitate this financial ambition.

As COP30 preparations continue, Brazil also seeks to conduct an interim stocktake on climate action progress, prompting valuable discussion on existing challenges. Building on past COP experiences, Brazil plans to form a “Circle of Presidencies” involving leaders from previous COP hosts to enhance collaboration across diverse climate-related efforts.

Brazil’s overarching goal for COP30 is to shift the conference from a stagnant negotiation forum towards a proactive platform for effective global climate initiatives. The country’s commitment and strategic initiatives underscore the urgent call for global unity in climate action.

Brazil’s proactive stance as the host of COP30 emphasizes a transition from mere discussions to actionable strategies to combat climate change. With ambitious financial goals and collaborative efforts among past COP presidents, Brazil aims to revitalize international climate commitments and facilitate substantial progress in developing nations. The emphasis on decisive global action illustrates Brazil’s determination to redefine the approach to climate negotiations moving forward.

Original Source: indianexpress.com