Name: Rich nations at COP30 urged to invest in stability, prosperity
Uploaded: 2025-11-08T07:29:53.497Z
Duration: 2 min 45 s
Description: Leaders of developing nations are appealing to wealthy countries to see the cost of limiting man-made climate change as an investment in global stability and prosperity.

Leaders of developing nations are appealing to wealthy countries to see the cost of limiting man-made climate change as an investment in global stability and prosperity.

Belém

During the COP30 climate conference in Belém, Brazil, President Luiz Inácio Lula da Silva urged world leaders to implement the Paris Climate Agreement over the next decade to prevent catastrophic climate impacts. Lula emphasized the disproportionate carbon emissions of the world's richest 1% and called for a significant increase in funding—up to $1.3 trillion by 2035—to support the transition from fossil fuels to green energy.

Representatives from vulnerable nations, such as the Marshall Islands, stressed the immediate threats they face from rising sea levels and extreme weather events. While countries like Canada expressed readiness to collaborate on a low-carbon transition, the United States did not send an envoy and has prioritized fossil fuel exploration. The summit concluded with uncertainty about whether global leaders will take decisive action amid ongoing geopolitical challenges.

Rich nations at COP30 urged to invest in stability, prosperity

Brazil's President Luiz Inácio Lula da Silva is calling the COP30 climate conference the COP of truth. He has told world leaders that the next decade must see the Paris Climate Agreement implemented to save the human species from extinction. As national budgets shrink, we see the richest 1% of the planet emit, in a single day, more carbon than the poorest 50% of the global population emits in an entire year. It is legitimate to demand a greater contribution from these people. Money is at the core. Not hundreds of billions of dollars as once estimated, but a whopping 1.3 trillion by 2035 to transition economies from reliance on fossil fuels to green energy. Members of the low-lying countries, like the Marshall Islands, say they can't afford to wait in the face of stronger hurricanes, sea levels rising, and droughts. The sea rises, the coral dies, and the fish stock leaves our shores for cooler waters. What will happen when the next storm comes to us? But identifying solutions to contain global warming is far easier than finding the political will to reduce dependence on oil on a global scale. Time is running out. With the UN warning, the Earth's average temperature is rising fast, beyond the two-degree limit set by the Paris Accords. A 60% reduction in emissions by 2035 will be necessary to have a chance at meeting the agreement's goals, says the UN. We are re-skilling and preparing Canadian workers, and we are teeing up the whole economy for the low-carbon transition. Canada comes to COP30 in the spirit of collaboration, to learn from and partner up with countries and institutions around the world to accelerate the global transition. But the leader of Canada's neighbour, the United States, dismisses climate change and did not send an envoy to the summit. President Donald Trump has in fact issued orders to, quote, hunt for more oil and coal in the United States. In these turbulent geopolitical times, it's not certain whether the call to kick-start a new decade of implementation and acceleration to mitigate climate change will be heeded. Lucia Newman, Al Jazeera, Belen, Brazil.

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