COP30: Climate Goals and Financing Summit in the Spotlight

COP30's First Week: Climate Goals, Financing, and Just Transition

The first week of the COP30 summit, held in Belém, Brazil from November 10-21, was marked by significant discussions. At this global climate summit, countries came together to take important steps on climate change mitigation, financing, and just transition.

Key Issues and Goals

At the global summit, governments, scientists, and civil society representatives began negotiations on critical issues such as emission reduction, climate financing, and international cooperation. In particular, topics related to the Amazon Region were also on the agenda, focusing on deforestation, biodiversity, and the preservation of natural carbon sinks.

Financing Commitments and Urgent Calls for Action

Brazilian President Luiz Inacio Lula da Silva stated in his opening speech that the current trajectory would continue to increase global temperatures, emphasizing that exceeding the 1.5 degree threshold poses a significant risk. He also expressed the need for quick implementation of the commitments made at COP29.

The COP29 President Muhtar Babayev reminded participants of their responsibilities in climate financing, stating that the time has come to fulfill the financial goals set for 2023.

Working Together for Climate Action

UN Climate Change Framework Convention Executive Secretary Simon Stiell emphasized that reaching the goal of 1.3 trillion dollars in annual climate financing by 2035 is achievable. The Energy Service Companies Alliance set a target of 148 billion dollars in annual investment for the energy transition.

Protests and Local People's Demands

Protests during the first week of COP30 focused on the fight against fossil fuels and the rights of indigenous peoples. Most of the peaceful demonstrations involved indigenous groups advocating for land rights and opposing oil exploration activities in the Amazon.

The UN International Organization for Migration stated that natural disasters driven by climate change and global warming would displace 45 million people in 2024, calling for urgent cooperation. It was also highlighted that the number of countries with early warning systems for multiple disasters reached a record level of 119 at COP30.