IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.35▼ 1.18% USD/MXN18.69▲ 0.64% USD/CLP983.77▼ 0.54% USD/COP3,146▲ 2.96% USD/PEN3.45▲ 0.12% USD/ARS1,538▼ 0.16% USD/UYU40.21▲ 3.57% USD/PYG5,803▲ 3.78% USD/BOB11.97▲ 4.93% USD/DOP60.01▲ 0.93% USD/CRC451.24▲ 2.13% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.37% USD/NIO36.62▲ 2.81% USD/VES885.90▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.63% USD/TTD6.71▲ 2.07% EUR/BRL5.95▲ 7.55% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, October 28, 2026

What to Watch at COP31 in Antalya

By · October 27, 2026 · 3 min read

TURKEY · CLIMATE SUMMIT

Published Tuesday, 27 October, 6:22 p.m. ET · Source: UNFCCC, Turkish Ministry of Environment, Urbanisation and Climate Change

Key Facts

  • Conference dates COP31 runs Nov. 9-20, 2026, at the Antalya Expo fairgrounds in Turkey.
  • World Leaders Summit Heads of state and government gather Nov. 11-12, 2026, with Turkish officials expecting at least 60 heads of state.
  • Presidency split Turkey holds the COP presidency; Australia's Chris Bowen chairs formal negotiations as President of Negotiations.
  • Security scale Turkey plans about 26,000 security personnel.
  • Economic estimate Environment Minister Murat Kurum said Turkey expects close to US$2 billion in economic activity.

What COP31 Is

COP31 is the 31st session of the Conference of the Parties to the UN Framework Convention on Climate Change, the annual summit where nearly 200 countries negotiate collective climate action. The conference takes place in Antalya, Turkey, from Nov. 9 to 20, 2026, with the World Leaders Summit scheduled for Nov. 11-12.

Turkey is the official host and holds the COP presidency, while Australia leads the formal negotiations under a compromise reached at COP30 in Belém in November 2025. Turkish Environment Minister Murat Kurum is the nominated COP31 President, and Australian Climate Minister Chris Bowen serves as President of Negotiations.

The old city walls of Antalya, host city of COP31. Photo: Dosseman, CC BY-SA 4.0

Main Agenda Battles

Climate finance remains the central dispute, including the target of at least US$300 billion annually by 2035 for developing countries. Negotiators will also address resources for the Fund for Responding to Loss and Damage and the Just Transition Mechanism agreed at COP30.

Security And Logistics

Turkey is planning an unusually large security operation for the summit. Interior Minister Mustafa Çiftçi toured the venue with COP31 President Murat Kurum before the conference.

Turkey's Climate Position

Turkey ratified the Paris Agreement in 2021 and announced a net-zero emissions target for 2053. Its first Climate Act passed the Grand National Assembly on July 2, 2025, introducing concepts such as just transition, climate justice, and voluntary carbon markets into legislation.

What It Means for US Readers

The Trump administration announced in January 2026 that it would withdraw the United States from the UN climate convention, and whether a US delegation will attend COP31 is not confirmed. For US energy markets and companies, COP31 outcomes on fossil-fuel language and climate finance could influence global investment signals.

What Is Not Known

The final list of attending leaders and major delegations has not been published. It is uncertain whether negotiators will reach agreement on the US$300 billion annual climate-finance goal, adaptation finance, loss and damage, and the Just Transition Mechanism.

Frequently Asked Questions

What is COP31?

COP31 is the 31st annual UN climate summit under the UN Framework Convention on Climate Change, bringing together nearly 200 countries to negotiate collective climate action. It takes place in Antalya, Turkey, from Nov. 9 to 20, 2026.

Who leads the negotiations?

Turkey holds the COP presidency, with Environment Minister Murat Kurum as President-Designate. Australia’s Climate Minister Chris Bowen chairs the formal negotiations under a compromise reached at COP30.

What are the main issues?

Climate finance, including the US$300 billion annual target for developing countries by 2035, is the central dispute. Negotiators will also address adaptation, loss and damage, and the transition away from fossil fuels.

Sources: UNFCCC, Turkish Ministry of Environment, Urbanisation and Climate Change.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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