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As COP30 approaches in Belem, Brazil, only 36% of countries have confirmed attendance amid soaring hotel prices and accommodation shortages. The Brazilian government has made some rooms available at reduced rates, but many delegates and activists struggle to find affordable lodging, risking lower participation and less productive negotiations.
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Brazil's President Lula announced a new initiative, the Tropical Forests Forever Facility, at COP30 in Belém. The fund aims to pay 74 countries to preserve forests, with initial pledges totaling $5.5 billion, including Norway’s $3 billion. The fund emphasizes Indigenous participation and aims to transform climate finance.
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The COP30 climate summit in Belém, Brazil, concluded on 22 November 2025 with a compromised agreement after two weeks of tense negotiations. Despite support from over 80 countries for a fossil fuel phaseout plan, the final deal avoided explicit fossil fuel commitments, opting instead for voluntary initiatives and increased funding to help developing nations adapt to climate impacts. The summit exposed deep divisions between fossil fuel-dependent economies and others pushing for accelerated climate action.
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Nearly 200 nations reached a consensus at COP30 in Belem, Brazil, focusing on climate finance for developing countries but avoiding explicit mention of fossil fuels. The summit faced divisions over fossil fuel phaseouts, with the U.S. absent and protests ongoing. Brazil aims to reduce Amazon deforestation by 2030 amid political challenges.