Brazil's President Luiz Inacio Lula da Silva gestures next to James Marape, Prime Minister of Papua New Guinea, ahead of the United Nations Climate Change Conference (COP 30), in Belem, Brazil, Nov 5, 2025. REUTERS/Anderson CoelhoBrazil's President Luiz Inacio Lula da Silva gestures next to James Marape, Prime Minister of Papua New Guinea, ahead of the United Nations Climate Change Conference (COP 30), in Belem, Brazil, Nov 5, 2025. REUTERS/Anderson CoelhoAfter a year of talks, COP30 host Brazil on Wednesday laid out a plan to scale climate finance to $1.3 trillion a year and faced several early signs of the testing political backdrop as the Amazonian city of Belem prepares to welcome world leaders. Providing more finance is central to maintaining trust in multilateral climate efforts as emissions continue to rise, leaving some of the poorest countries at more risk of extreme weather events. "The EU has made a perilous choice today," said Jeroen Gerlag, director of the European office at Climate Group.
