Brazilian President Luiz Inácio Lula da Silva met with African Development Bank Group President Dr. Sidi Ould Tah in Belém ahead of the Conference of the Parties (COP30) to the UN Framework Convention on Climate Change. The meeting underscored a growing alliance between Brazil and Africa, focusing on mobilising resources for climate adaptation and resilience.
President Lula will convene a World Leaders Summit on November 6‑7, the first such summit to take place before the COP30 negotiations. The summit aims to reignite global ambition for a just energy transition and enhanced climate resilience, with the African Development Bank playing a key role. During the summit, Dr. Ould Tah will launch a call to action for Africa on adaptation, resilience, clean energy and financial sovereignty, and will address a high‑level thematic session on “Climate and Nature: Forests and Oceans,” chaired by President Lula.
COP30, scheduled for November 10‑21, is expected to be the most consequential climate gathering since the 2015 Paris Agreement. The African Development Bank will reaffirm its leadership in advancing Africa’s climate priorities and advocate for a global scale‑up of green finance for developing economies. Although Africa contributes less than 4 % of global emissions, it hosts nine of the world’s most climate‑vulnerable countries and receives barely 3 % of global climate finance.
The Bank has established itself as a global leader in climate‑finance innovation, committing $5.5 billion to climate action in 2024, with 60 % of its investments over the past decade directed toward adaptation. Its 2024‑2033 Strategy and Dr. Ould Tah’s Four Cardinal Points agenda prioritise climate‑resilient infrastructure, renewable energy and a just energy transition. The concessional African Development Fund’s Climate Action Window, launched in 2022, channels additional finance and technical support to 37 least‑developed countries, many of which are on the frontline of climate impacts.
As COP30 approaches, the African Development Bank’s proactive approach has positioned it as one of the most dynamic institutions in climate finance and sustainable development. The Bank’s activities and live updates from COP30 will be featured on its dedicated COP30 microsite and social‑media platforms, providing a valuable resource for those following the conference. With nearly 60,000 delegates converging in Belém, the outcomes of COP30 will be closely watched as nations worldwide strive to keep global warming under 1.5 °C.
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