Yesterday, amid bustling international dialogues, Brazil stood firm at the G7’s Climate, Energy, and Environment ministerial meeting.
The nation, currently presiding over the G20 and preparing to host the 2025 COP30 in Belém, made a compelling appeal.
Represented by Marina Silva, Brazil demanded stronger climate initiatives and crucial funding to support developing nations in energy transitions.
“Developing countries look to us, the G7, to lead not merely by curtailing our emissions but by actively enabling their green transition,” Silva declared.
This pressing statement underscores a shared responsibility extending well beyond individual national efforts.
Under Italy’s stewardship, the G7, which includes powerhouses like Germany, Canada, the U.S., France, Japan, and the UK, faces a call to action.
While these nations enjoy sophisticated market mechanisms that drive their energy shifts, their less developed counterparts struggle without such frameworks.
Silva’s plea emphasized the necessity for solid support from these influential economies.
They are urged to ensure substantial financial flows and strategic assistance, aiming to empower these emerging nations to meet ambitious climate goals.
Furthermore, she outlined a tripartite focus for the G7’s support:
- spearheading a new global finance target at COP29 in Baku to rejuvenate faith in cooperative climate efforts;
- boosting multilateral banks to enhance their funding efficiency for climate mitigation; and
- promoting reforms in global governance.
Moreover, in alignment with the Emirates Consensus, Silva called for the crafting of robust national pledges by COP30.
Background
In 2023, Brazil invested heavily in the shift to greener energy, becoming Latin America’s leader and the world’s sixth.
It put forward around 34.8 billion dollars. This move supports renewables, electric vehicles, hydrogen fuel, and carbon capture technologies.