Today, negotiators concluded
#COP30 in Belém, Brazil. They reached an agreement to triple adaptation finance and to hold a series of dialogues on trade within the UNFCCC for the first time. However, the formal negotiations offered an inadequate response to the shortfall in ambition in national climate commitments, failing to explicitly agree on the roadmaps to transition away from fossil fuels and halt deforestation that many countries and stakeholders had advocated. The Brazilian COP President launched these roadmaps in its own capacity.
Other major highlights from the summit include the launch of the Tropical Forest Forever Facility; major efforts to unite local, regional and national governments around climate action; pledges for Indigenous Peoples and local communities’ finance and land rights; a pledge to quadruple 'sustainable fuels'; and much more.
Read the statement from WRI's CEO & President👉
go.wri.org/cop30-negotiation…