Best of: COP30 president on how Brazil is looking to supercharge climate action
Jan 27, 2025
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André Corrêa do Lago, Brazil's Secretary for Climate, Energy and the Environment and COP30 president, shares exciting plans for the upcoming climate conference in Belém, a city with deep ties to the Amazon rainforest. He discusses the logistical challenges and the symbolic importance of the location. Topics include Brazil’s ambitious climate goals, the necessity for improved financing for developing nations, and the balancing act between fossil fuel production and climate action. Corrêa emphasizes collaboration and transparency as key to effective engagement.
Brazil aims to leverage its location in Belém for COP30 to enhance climate action and create a lasting positive impact on local communities.
The need for substantial financial commitments from developed nations is critical to support climate initiatives, highlighting a significant funding gap for ambitious action.
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Brazil's Ambitious Plans for COP30
Brazil is set to host COP30 in Belém, a city at the gateway to the Amazon, with efforts to highlight both its environmental significance and existing challenges. The country aims to create a COP that not only accommodates thousands of delegates but also leaves a positive legacy for local communities. Despite concerns regarding infrastructure, Brazil seeks to showcase its commitment to climate change while grappling with an increasing oil production paradox. The government's dedication to fostering inclusivity and engaging civil society during the conference reflects its ambition to lead by example on the global stage.
Navigating Climate Financing Challenges
Brazil recognizes the urgent need for substantial financial commitments from developed nations to support climate initiatives, especially in middle-income countries. Current projections suggest that the financial backing needed amounts to trillions, yet only hundreds of billions may be feasible, creating a significant gap. This funding shortfall could hinder ambitious climate action and affect negotiations moving forward, including at future COP meetings. Brazil emphasizes the importance of integrating climate considerations into broader economic strategies to enhance investment and lower capital costs, which are vital for effectively addressing climate change.
Plans are already underway for COP30 to pick up the baton and tackle COP29's unfinished business. The 2025 climate conference is set to take place in Belem, Brazil, a gateway to the Amazon rainforest. And last week, André Corrêa do Lago was named COP30 president. Corrêa do Lago currently serves as Brazil’s Secretary for Climate, Energy and the Environment, and he spoke with Akshat Rathi at COP29 in Baku, in November. He says that although holding a global summit in Belem poses logistical challenges, the symbolism of the location holds “fantastic political power.”
Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks to Simone Iglesias, Siobhan Wagner, Ethan Steinberg, Blake Maples, and Jessica Beck. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.