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Recent reports highlight that global climate efforts are falling behind, with adaptation funding slowing and overshoot becoming inevitable. Experts warn of catastrophic impacts if emissions are not drastically reduced, emphasizing the urgency of immediate action ahead of COP30 in Brazil.
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As of November 2025, the UN's Emissions Gap Report reveals that current national climate pledges will lead to a 2.3-2.5°C global temperature rise by 2100, surpassing Paris Agreement targets. Despite some progress, global emissions rose 2.3% in 2024. China's new 2035 goals mark its first specific emissions reduction target but fall short of what's needed. The US withdrawal from the Paris Agreement threatens to negate recent gains ahead of COP30 in Brazil.
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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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On November 22, 2025, the COP30 climate summit in Belem, Brazil, concluded with a deal urging accelerated climate action and tripling adaptation finance by 2035. However, the agreement omitted a fossil fuel phase-out roadmap amid opposition from major oil producers, sparking criticism from many nations and climate advocates.