Brazil aims to amplify the voices of developing nations in the upcoming climate finance talks, as stated by Andre Correa do Lago, the head of the global COP30 summit to be held in the country later this year. Correa do Lago expressed concerns over the impact of the United States' withdrawal from the Paris climate accord, noting that negotiations at the COP30 summit are expected to be more challenging than previous years.
The COP30 agenda, scheduled for November in the Amazon city of Belem, will address crucial issues such as financing the transition to cleaner energy in poorer countries and tackling the effects of global warming. The summit aims to build on commitments made during the previous year's meeting in Azerbaijan, where wealthy countries pledged to contribute $300 billion annually by 2035, falling short of the $1.3 trillion annually requested by developing nations.
Correa do Lago criticized the intention of rich countries to cut down on financial aid, stressing that such a move is "profoundly wrong." Furthermore, he highlighted Brazil's strategy to leverage its leadership within the BRICS group of emerging economies to unify positions and strengthen negotiating power before the Belem climate discussions.