Correa do Lago accused wealthy nations of making an attempt to cut back their monetary contributions to the worldwide combat towards local weather warming, which he mentioned was “deeply mistaken” in view of their commitments beneath the 2015 Paris Settlement.
On the COP30 assembly within the Amazon metropolis of Belem in November, Brazil will push developed nations to step up their assist for the growing nations’ vitality transition.
“Now we have to work in order that nations with historic duties play a larger position within the monetary side,” he mentioned.
Correa do Lago has represented Brazil at each worldwide local weather summit since President Luiz Inacio Lula da Silva returned to energy in January 2023.
He was appointed COP30 president on Tuesday, a day after United States President Donald Trump pulled his nation out of the Paris Settlement for a second time and doubled down on the usage of fossil fuels.
Correa do Lago admitted that, with out US assist, financing the worldwide transition to scrub vitality could be “harder”.
