Lula no G7: ‘Belém will be a test for global leaders to show commitment to the future’

At the expanded session of the summit in Canada, president invited heads of some of the world’s largest economies for COP 30 and defended increased climate funding increased

President Luiz Inacio Lula da Silva took advantage of his participation in the expanded session of the G7 summit on Tuesday, June 17, in Canada, to invite the other leaders present at the meeting to attend the 30th United Nations Conference on Climate Change (COP 30). The event will take place in Belém, Pará, in November this year.

“I count on the participation of all present in COP 30 in the heart of the Amazon. Belém will be a test for global leaders to show the seriousness of their commitment to the future of people and the planet,” said Lula. One of the authorities who has already confirmed a presence at the conference was Canada Prime Minister Mark Meatary.

The Brazilian government plans to launch, in Bethlehem, the Forest Forest Fund forever, with the purpose of remunerating the ecosystem services that developing countries that have forests offer the planet. “We are developing a tool that will allow us to protect these biomes through positive incentives without resorting to punitive measures,” said the president, referring to the initiative to be launched at COP 30.

Lula reinforced the importance of countries setting ambitious goals to prevent global warming from exceeding 1.5 degree. In this sense, Brazil has the goal of reducing its greenhouse gas emissions between 59% and 67% by 2035 in all economic sectors.

Indebted countries do not have the means to transform their energy matrices. Instruments such as development debt exchange and the issuance of special withdrawal rights can mobilize valuable resources, ”said Lula.

Financing

Considering that an inclusive energy transition requires many resources, the Brazilian leader has shown concern about financing scarcity. “The unfulfilled promises add up to deliberate cuts and setbacks. The Kyoto protocol was a symbol of our collective failure. The 100 billion annual dollars planned in Copenhagen COP15 were never reached. By 2024, rich countries reduced their official help to development. Last year, we left the Baku COP with disappointing results. Through the Baku-Belém Map of the Way, the Brazilian presidency of COP 30 and Azerbaijan are working to reverse this picture, ”he said.

Cooperation

In the expanded session of the G7 summit, Lula also emphasized that international tax cooperation is necessary to reduce inequalities. In this context, he pointed out that taxing 2% of the patrimony of super rich individuals could generate $ 250 billion a year to face current social and environmental challenges.

“G7 members have more than 40% of the voting power in the World Bank and the IMF. Making these institutions more representative is crucial to bringing them closer to the needs of the global south. Indebted countries do not have the means to transform their energy matrices. Instruments such as development debt change and the emission of special withdrawal rights can mobilize valuable resources,” Lula said. He also defended the bureaucracy of access to climate funds and promoting innovative mechanisms.

About the group

The G7 was created in 1975, at the initiative of French President Valéry Giscard D’Estaing, with the aim of bringing together the world’s most industrialized countries at the time to deal with common interest economic policy issues. In 2025, the group completes 50 years of existence. The member countries are currently Germany, Canada, the United States, France, Italy, Japan and the United Kingdom, as well as the European Union.

Brazil maintains with the members of the G7 Coordination on International Agenda themes, either bilaterally or within the G20 and international organizations in which Brazil and members of the interact group.

Originally published by GOV AGENCY ON 06/17/2025