COP30 negotiators pressed ahead with efforts to align finance, ethics and global cooperation as nations moved to accelerate a just climate transition.
Day 6 focused on turning high-level ambition into action across energy, industry, transport, trade, finance, carbon markets and non-carbon dioxide gases.
Financial Momentum Builds
Finance dominated discussions as governments, investors and multilateral lenders advanced reforms to unlock climate capital at scale.
Delegates launched the Principles for Taxonomy Interoperability, part of a drive to harmonize sustainable finance standards and help mobilize the $1.3 trillion a year set out in the Baku to Belém Roadmap.
Asset owners controlling nearly $10 trillion met this week to align with scientists and governments on recommendations for finance ministers. They stressed more decisive action for hard-to-abate sectors and emerging markets.
Brazil and the Green Climate Fund unveiled new Country Platforms and a Platform Hub to support national planning and coordination. Separately, fresh commitments to solidarity levies signaled stronger support for revenue sources that aid vulnerable countries.
Thousands marched in Belém’s streets to demand climate justice and stronger protections for Indigenous territories and workers.
“On this Global Day of Action, we take to the streets of Belém with thousands of others to make one thing clear: the era of sacrifice zones is over. The world we need puts justice at the centre – not profit, not war, not extraction. People’s power is rising, and we are not backing down,” said Tasneem Essop, executive director of Climate Action Network International.
Solidarity Levies Gain Ground
Leaders reaffirmed rising momentum behind solidarity levies on high-emitting and undertaxed sectors. A new technical report highlighted revenue potential in aviation, shipping, financial transactions and cryptocurrencies.
“The launch of the Premium Flyers Solidarity Coalition proves that solidarity levies can move from ideas to reality,” said Laurence Tubiana, COP30 special envoy to Europe. “This is only the first step. Now I call on more countries to join us at COP30 and turn this momentum into lasting global change.”
The coalition’s goals include increasing the number of countries applying flight ticket levies on premium travelers, taxing private jets, ensuring upward harmonization and progressivity of such levies, and exploring the possibility of a global aviation tax.
It now includes nations from Africa, Europe, and Latin America, with more expected to join before the summit ends.
Roadmap Work Becomes More Concrete
A ministerial meeting brought together finance ministers, climate leaders, MDB heads, and private-sector representatives to chart delivery pathways for the Baku to Belém Roadmap.
“This is the beginning of an era of truth in climate finance,” said COP30 President André Corrêa do Lago. “To deliver the Paris Agreement faster, climate action must be embedded in real economic and financial reform. With the 5Rs, the roadmap turns scientific urgency into a practical plan for global cooperation and results.”
Delegates identified milestones meant to shift the roadmap from vision to execution.
Asset Owners Signal Larger Role
The first COP Asset Owners Summit drew pension funds, insurers, endowments, and sovereign investors managing about $10 trillion. They backed a standing annual summit and committed to scaling public-private cooperation to help meet the New Collective Quantifiable Goal.
Carbon-Market Coalition Expands
A ministerial roundtable advanced the Open Coalition on Compliance Carbon Markets, now supported by 18 signatories, including Brazil, China, the EU and the U.K. Delegates stressed improved MRV systems, better carbon-accounting methods and expanded use of high-integrity offsets.
Trade And Climate Forum Opens
COP30 formally opened the Integrated Forum on Climate Change to bridge the gap between the climate and trade communities by fostering structured dialogue about how trade measures, climate ambition, and development priorities interact.
Key objectives of the IFCCT include preventing trade from becoming a fault line in global climate efforts, managing tensions arising from unilateral climate trade measures such as carbon border adjustments, green subsidies and industrial policies, and supporting developing countries in adapting to new trade rules in these areas.
The forum emphasizes interoperability rather than fragmentation of climate-related trade measures and seeks to create coherence and predictability in the global trading system amid a rapidly evolving climate-trade landscape.
Participants from China, the UK, Australia, and global business groups backed the effort as a tool to align trade with climate goals.
Central Banks Warn Of Risks
The Network for Greening the Financial System released “Declaration on the Economic Cost of Climate Inaction,” which warns about the mounting macroeconomic and financial risks posed by delayed climate action.
The declaration highlights climate change as an imminent danger to financial stability and reaffirms NGFS’s commitment to supporting a well-managed transition to a low-carbon economy.
“Our latest scenarios show that climate change is no longer a risk on the horizon, it is an imminent danger… A whole-of-economy effort is needed to avoid severe economic disruptions and ensure financial stability,” said NGFS Chair Sabine Mauderer.
“Effectively managing climate risks is not just an environmental issue, it is integral for building financial resilience,” added Vice-Chair Fundi Tshazibana.
Faster Action On Methane And Super Pollutants
On Saturday, the Climate and Clean Air Coalition launched the Super Pollutant Country Action Accelerator to help 30 developing nations curb methane and other super pollutants by 2030.
It also plans to mobilize an estimated $150 million in grant funding and complementary finance from development partners. Seven pioneer countries — Brazil, Cambodia, Indonesia, Kazakhstan, Mexico, Nigeria, and South Africa— will share the first $25 million in support.
“As we reach the end of week 1, we’ve seen a marked shift from ambition to execution under the Action Agenda, as governments, businesses, local and regional governments, indigenous groups and civil society harnessed COP30’s convening power to drive real-world solutions for a more resilient low-carbon economy,” said Dan Ioschpe, COP30 high-level champion.
Ioschpe added: “114 Plans to Accelerate Solutions — developed by coalitions across 30 Activation Groups — have been published and are now live on the UNFCCC website. These bring together existing initiatives under one umbrella to deliver specific objectives under the 6 axes.”
Negotiations Shift To Political Stage
Parties advanced draft decisions from technical bodies into the main negotiating track, opening the door for final agreements in week two.
Brazil Highlights Forest Code Mobilization
Brazil’s federal and state officials showcased a nationwide push to implement the Forest Code and improve rural land governance.
The initiative offers technical guidance, on-site support for registration and correction in the Rural Environmental Registry, delivery of validated registrations, and orientation to advance Environmental Regularization Programs.
The officials said the effort supports sustainable production and strengthens environmental oversight.
Indigenous Leaders Seek Stronger Protection
Chief Raoni and the Mẽbêngôkre delegation of the Raoni Institute held a candid dialogue with climate negotiators in the session “Standing Forests, Agreements in Practice.”
The conversation centered ancestral knowledge and called out the disconnect between negotiation rooms and the realities faced by Indigenous communities who protect and steward the forest.
Indigenous groups urged negotiators to reinforce forest protection measures and ensure that climate plans safeguard territories and cultural rights.
DAY 5: COP30 Drives Global Push to Scale Clean Energy and Green Industry
