Brazil hands COP30 climate agenda to Turkey ahead of Antalya summit
Brazil presents three implementation reports and a $1.3 trillion annual climate finance plan as the COP presidency passes to Turkey.

KEY POINTS
- COP31 starts in Antalya, Turkey, on November 9 and ends on November 20, 2026
- Brazil presented three reports on November 3 covering energy transition, deforestation, and climate finance
- Brazil's plan targets US$1.3 trillion annually for developing countries by 2035, including a 2% wealth tax on billionaires
- The Global Implementation Accelerator was launched by Brazil, Turkey and Australia to support national climate goals
- The Turkish presidency will prioritize electrification and its Climate Implementation Bridge initiative
Brazil officially transferred its COP30 climate agenda to Antalya, Turkey, where COP31 begins on Monday, November 9, and runs through November 20. The handover follows Brazil's presidency of the previous summit held in Belem.
Three strategic reports were presented on November 3 by COP30 President Ambassador Andre Correa do Lago and CEO Ana Toni. The documents cover the energy transition, ending deforestation and restoring forest ecosystems by 2030, and implementing the Baku-to-Belem roadmap for climate finance.
“Nothing in the report needs to be taken to COP31.”
Brazil's finance plan seeks US$1.3 trillion per year for developing countries by 2035. It proposes a minimum 2% wealth tax on billionaires and expects private investors to provide about two-thirds of the total. Public funds would contribute between US$351 billion and US$384 billion annually, while private investment would reach US$882 billion per year.
Brazil, Turkey and Australia also unveiled the Global Implementation Accelerator, a voluntary program designed to help countries meet their national emissions targets and adaptation plans. The initiative focuses on two selected solutions each year and has no legal personality or binding financial commitments.
Ambassador Andre Correa do Lago said nothing in the report needs to be taken to COP31 for negotiation. The Turkish presidency will take over on Monday, with its own focus on electrification and its national Climate Implementation Bridge initiative.
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