Countries in the global south want the industrialised global north to provide support to adapt to ever more extreme weather and help them with energy transition, but financial commitments have so far fallen far short of the $1.3tn a year that was agreed at Cop29 in Baku. Guterres said developed countries must lay out a clear path to that goal.
Keir Starmer told the summit that the UK was “all in” on tackling the climate crisis because it was a “win-win” for people and the economy that would reduce bills, create jobs and could be worth £1tn to the UK in five years.
He said: “Ten years ago the world came together in Paris, united in our determination to tackle the climate crisis. A consensus that was based on science that is unequivocal. And this unity was not just international, it was there within most of our countries. There was a cross-party consensus in the United Kingdom. The only question was how fast could we go. Today, sadly, that consensus is gone.”
The prime minister took veiled aim at prominent figures, including Bill Gates and Tony Blair, who have urged a slowdown on climate action. In a robust rebuff to that attitude, he said: “With some arguing this isn’t the time to act, and saying tackling climate change can wait, my question is this: can energy security wait too? Can billpayers wait? Can we win the race for green jobs and investment by going slow? Of course not.”
The Brazilian president, Luiz Inácio Lula da Silva, said Belém should be the Cop of truth. “Now is the time to take seriously the warnings of science,” he said, praising the Paris climate agreement for helping to nudge the world away from its previous doomsday path of 5C of warming, but warning that the planet was still heading towards 2.5C of warming, which would kill 250,000 people each year and shrink GDP by 30%.
He told leaders there could be no solution for the climate crisis without tackling inequality within and between countries, and said they should be inspired by Indigenous people who live more sustainably with nature.
He finished with a reference to the Yanomami Indigenous belief that the people of the forest are helping to hold up the sky and said he hoped this summit would help with that task of climate stabilisation.
The first day of the summit saw two other major announcements. Brazil formally unveiled its flagship Cop30 initiative, the Tropical Forest Forever Facility with new investment commitments of $3bn from Norway over 10 years and unquantified promises of support from China. The facility aims to attract $25bn of investment from governments and another $100bn from financial markets to pay for the preservation of standing forests.
Another breakthrough was a first global agreement to recognise and strengthen land tenure for Indigenous peoples and other traditional communities. More than 160m hectares (395m acres) will be covered by the commitment up to 2030.
