At the Cop30 climate conference held in the city of Belem, Brazil, an agreement was reached to allocate additional financial assistance to developing countries to combat the consequences of climate change. This was reported by Zamin.uz.
The final document did not reflect the proposal put forward by the European Union to phase out fossil fuels. According to the agreement, a voluntary initiative will be launched to accelerate climate actions.
Additionally, developed countries were called upon to at least triple the funds allocated for climate change adaptation by 2035. The document also outlined plans to review international trade mechanisms to align them with climate goals.
Developing countries are demanding increased financial support due to heightened risks such as rising sea levels, high temperatures, droughts, and floods. At the same time, disagreements over the issue of phasing out fossil fuels continued.
Due to opposition from some countries like Saudi Arabia, this issue was reflected by Brazil in a separate supplementary document. Although the United States did not send an official delegation to this summit, conference participants emphasized their commitment to maintaining unity on climate issues.
