Published on : 08 Nov 2025, 7:27 am

The COP30 Leaders’ Summit in Belém — gateway to the Amazon — was dominated by searing criticism of the world’s failure to align financial systems with climate goals. World leaders demanded a clear roadmap to end global dependence on fossil fuels and deliver long-promised climate finance.

Ahead of the formal negotiations beginning November 10, leaders confronted sobering evidence of inaction on funding the energy transition. Brazilian President Luiz Inácio Lula da Silva issued a sharp ultimatum on fossil fuels and financial accountability, warning that “the decisions we make regarding the energy sector will determine our success or failure in the fight against climate change.”

“The planet can no longer sustain a development model based on the inten

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