Brazil hosts virtual summit on climate ambition ahead of COP30

The Brazilian president Luiz Inácio Lula da Silva and UN Secretary-General António Guterres led the Virtual Summit on Climate Ambition focusing on the upcoming COP30, to be held in Brazil in November 2025.

• The summit included leaders from major economies and vulnerable countries emphasizing the urgency to avoid climate tipping points.
• Brazil presented its NDC goals targeting a 59% to 67% reduction in greenhouse gas emissions by 2035 across all economic sectors.
• Brazil and the UN plan a global ethical balance initiative engaging youth, religious leaders, scientists, and indigenous peoples towards a new environmental pact.
• Brazil aims for the operationalization of the Tropical Forest Forever Fund by COP30 to financially reward forest preservation in developing countries.
• Calls made for developed countries to double adaptation financing to at least US$40 billion annually and mobilize US$1.3 trillion yearly for developing nations’ climate transition by 2035.
  The outcomes set the stage for concrete implementation-focused negotiations at COP30 with significant financial commitments and inclusive climate action agendas.