Brazilian President Luiz Inácio Lula da Silva on Wednesday received African Development Bank Group President Dr Sidi Ould Tah in Belém, which is hosting this year’s Conference of the Parties (COP30) to the UN Framework Convention on Climate Change.
According to reports, the high-profile meeting between the two leaders signaled a growing Brazil–Africa alliance as the Bank leads Africa’s call for greater global climate finance. They focused on mobilizing resources for climate adaptation and resilience. The meeting also comes just before the World Leaders Summit convened by President Lula on 6-7 November.
This is actually the first time a World Leaders Summit is being held before negotiations by the Conference of Parties to the UN Framework Convention on Climate Change.
The leaders’ summit in Belém, at the heart of the Amazon rainforest, will open what is expected to be the most consequential climate gathering since the 2015 Paris Agreement, and comes at a defining moment as nations worldwide strive to keep global warming under 1.5°C.
With nearly 60,000 delegates, including heads of state, climate negotiators, financiers, private sector and civil society leaders converging in Belém, the African Development Bank will be at the forefront of efforts to reignite global ambition for a just energy transition and enhanced climate resilience.
At COP30 negotiations starting from 10 to 21 November, the Bank Group will reaffirm its leadership in advancing Africa’s climate priorities and advocating for a decisive global scale-up of green finance for developing economies.
Africa contributes less than 4% of global emissions yet hosts nine of the world’s most climate-vulnerable countries, while receiving barely 3% of global climate finance.
Story was adapted from AFDB.
