Correa do Lago accused wealthy nations of attempting to cut back their monetary contributions to the worldwide struggle towards local weather warming, which he stated was “deeply fallacious” 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 creating nations’ vitality transition.
“We have now to work in order that nations with historic tasks play a higher position within the monetary side,” he stated.
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 country out of the Paris Agreement for a second time and doubled down on using fossil fuels.
Correa do Lago admitted that, with out US assist, financing the worldwide transition to scrub vitality could be “harder”.