United Nations Secretary-General Antonio Guterres has urged developed nations to make compromises to address the climate finance concerns of developing countries. Speaking at a press conference during the UN Climate Change Conference (COP30) in Belem, Brazil, Guterres emphasized the need for balanced progress in both climate adaptation and mitigation efforts. He expressed cautious optimism, noting that many developed nations seem ready to engage in financing adaptation measures. The conference, nearing its conclusion, aims to implement the COP29 targets, including an annual funding of at least $300 billion from developed countries and a broader climate finance goal of $1.3 trillion per year by 2035. Guterres also called for countries to submit their updated Nationally Determined Contributions (NDCs) under the Paris Agreement, stressing that current pledges are insufficient to meet the 1.5°C goal. He concluded by urging all parties to ensure the success of COP30, rather than discussing potential failures.
