Tuesday, 02 January 2024 12:17 GMT

COP30 In Peril: Brazil Is In A Race Against Time


(MENAFN- The Rio Times) With one month to go before the UN climate summit opens in Belém (November 10–21), Brazil has taken the unusual step of temporarily designating the Amazon city as the nation's capital during the talks.

The move is meant to put the rainforest at center stage. It also highlights the scramble behind the scenes. The most urgent problem is beds. Belém expects tens of thousands of visitors for COP30 , but it has far fewer hotel rooms than that.

Prices for short-term rentals have jumped, and organizers have turned to stopgaps such as cruise ships and repurposed venues. The risk is obvious: smaller and poorer delegations may stay home, weakening the very coalition politics that these summits rely on.

The diplomatic stakes are high. Countries are due to file their next climate plans for 2035-the first round after the Paris Agreement's global stocktake.

Some large economies have been slow to submit or to raise ambition, which could sap momentum at a moment when negotiators need clear signals on emissions, finance, and enforcement.


Brazil Aims to Lead Global Carbon and Rainforest Efforts
Brazil wants to lead. It has created a regulated national carbon market and is pitching an“open coalition” to link carbon trading systems across borders.

It is also championing“Tropical Forests Forever,” a fund designed to pay countries to keep rainforests standing. These ideas play to Brazil's strengths: vast forests, growing renewable power, and diplomatic reach.

But there is a story behind the story. At home, Brasília is wrestling over environmental licensing, including fast-track permits for“strategic” projects.

The most sensitive fight is over prospective offshore oil in the Equatorial Margin near the Amazon River mouth-promising for industry, divisive for communities and scientists.

Meanwhile, the long-term numbers in the Amazon remain stark: tens of millions of hectares of native vegetation have been lost in recent decades, and land-use change is still the country's largest source of emissions.

Why this matters beyond Brazil: COP30 will help decide whether the world's next decade of climate action is real or rhetorical.

If the host can keep costs in check, protect its own guardrails, and turn rainforest rhetoric into enforceable rules and finance, Belém could mark a pivot. If not, COP30 risks being remembered for hotel rates and mixed signals rather than climate progress.

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