Story perspectives

Developing Nations Demand $120 Billion at COP30 Summit

11/20/2025

Summary

Story summary

At the Conference of the Parties 30 (COP30) summit in Belém, Brazil, the world's poorest countries press for $120 billion annually by 2030.
Developed nations provided only $26 billion in 2023, underscoring a growing funding shortfall.
Activists warn that insufficient finance will render adaptation metrics discussed at the summit ineffective.
The Brazilian Presidency released adaptation-finance draft texts, but observers say they lack a credible fossil-fuel phase-out plan.

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Story summary

At the Conference of the Parties 30 (COP30) summit in Belém, Brazil, the world's poorest countries press for $120 billion annually by 2030.
Developed nations provided only $26 billion in 2023, underscoring a growing funding shortfall.
Activists warn that insufficient finance will render adaptation metrics discussed at the summit ineffective.
The Brazilian Presidency released adaptation-finance draft texts, but observers say they lack a credible fossil-fuel phase-out plan.