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Brazil to push for corporate, local government climate targets at COP30

Published by Global Banking & Finance Review

Posted on June 20, 2025

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· Last updated: January 23, 2026

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Brazil to push for corporate, local government climate targets at COP30
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By Lisandra Paraguassu BRASILIA (Reuters) -COP30 president Brazil on Friday proposed expanding emissions reduction commitments to include pledges from companies, states, and cities, aiming to bolster

Brazil Advocates for Corporate and Local Climate Goals at COP30

By Lisandra Paraguassu

BRASILIA (Reuters) -COP30 president Brazil on Friday proposed expanding emissions reduction commitments to include pledges from companies, states, and cities, aiming to bolster global climate efforts following the U.S. withdrawal from the Paris Agreement.

Brazilian diplomats preparing for the climate summit have been working closely with the U.N. to encourage countries to submit updated targets to reduce greenhouse gas emissions by September, after many missed the February deadline.

The Paris accord, in which almost all nations agreed to limit warming to well below 2 degrees Celsius from pre-industrial levels, requires countries to submit such targets, known as Nationally Determined Contributions (NDCs), and update them every few years.

In a letter released Friday, COP30 President Ambassador Andre Correa do Lago proposed widening the path for reducing emissions by creating a "global NDC" that would incorporate targets from various actors, not just countries, to transform the Global Stocktake - the process for reviewing Paris Agreement progress.

"Our aim is to bring a new dynamic to global climate action, aligning the efforts made by businesses, civil society and all levels of government in coordinated action," Lago wrote,  proposing the term "GDC," or "globally determined contribution," for the expanded initiative.

While Lago did not explicitly frame the initiative as a response to U.S. policy changes, he acknowledged it would allow participation from U.S. companies and local governments that have kept their commitment to help curb climate change despite the Trump administration's formal exit from the Paris Agreement.

"Our action agenda is opening up a lot of space for the U.S. side that wants to participate," Lago said, adding the proposal would also encourage countries with conservative emissions targets to be more ambitious.

The Brazilian diplomat said private sector actors often move faster on climate action than governments, which are vulnerable to complex considerations such as the role of oil companies in spurring economic growth or the costs of transforming electricity grids.

Dan Ioschpe, a Brazilian businessman appointed as COP30's "climate champion," said the initiative would provide clarity for non-state actors to align with Paris Agreement goals.

"Not only in the United States, but in general in countries where the national government is not so involved in the issue, we are seeing governors, mayors, and the private sector extremely involved," Ioschpe said.

COP30, to be hosted in the Amazonian city of Belem in November, marks the 10th anniversary of the Paris accord.  

(Reporting and writing by Lisandra Paraguassu, editing by Manuela Andreonim, Editing by William Maclean)

Key Takeaways

  • Brazil proposes expanding climate targets to include companies and local governments.
  • The initiative aims to enhance global efforts post-U.S. Paris Agreement exit.
  • Brazil suggests a 'global NDC' incorporating various actors' targets.
  • The proposal encourages ambitious targets from conservative countries.
  • COP30 will be held in Belem, marking the Paris accord's 10th anniversary.

Frequently Asked Questions

What is Brazil proposing at COP30 regarding emissions?
Brazil is proposing to expand emissions reduction commitments to include pledges from companies, states, and cities to enhance global climate efforts.
What does COP30 President Andre Correa do Lago aim to achieve?
Lago aims to create a 'global NDC' that incorporates targets from various actors, including businesses and local governments, to align efforts in climate action.
How does Lago view the role of the private sector in climate action?
Lago noted that private sector actors often move faster on climate action than governments, which face complex considerations.
What is the significance of COP30 in relation to the Paris Accord?
COP30 marks the 10th anniversary of the Paris Accord, emphasizing the need for updated targets to limit global warming.
Who is Dan Ioschpe and what is his role in COP30?
Dan Ioschpe is a Brazilian businessman appointed as COP30's 'climate champion,' tasked with providing clarity for non-state actors to align with the Paris Agreement goals.

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