
The 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change officially kicked off in the city of Belém (Brazil), marking the first time the global climate summit has been held in the heart of the Amazon rainforest. The meeting, set to run for two weeks, brings together world leaders from 163 countries to address the urgent crisis of global warming.

Authorities in the southern Brazilian state of Paraná have declared a State of Public Disaster in the municipality of Rio Bonito do Iguaçu following a catastrophic tornado that struck on Friday night, leaving six people dead and causing widespread destruction.

Brazilian authorities have confirmed that the Tropical Forest Forever Facility (TFFF), a financing model combining public and private investments to preserve these areas, had reached US$5.5 billion in funding following contributions from Norway (US$3 billion), Indonesia (US$1 billion), and France (US$500 million) in addition to the South American country's US$1 billion disbursement during the UN General Assembly in New York in September.

Brazilian President Luiz Inácio Lula da Silva voiced concern about the climate crisis and urged world leaders to strengthen their commitment to the Paris Agreement. He made those remarks during the last thematic session of the Climate Summit in Belém on Friday.

Upon launching the Tropical Forest Forever Facility (TFFF) during the Climate Summit in the Amazon city of Belém, in the State of Pará, on Thursday afternoon, Brazilian President Luiz Inácio Lula da Silva invited other nations to support the initiative. “Forests are worth more standing than cut down. They should be included in our countries’ GDP. Ecosystem services need to be remunerated, as do the people who protect forests. International green funds are not up to the challenge,” insisted Lula.

Brazil continues to offer a cheaper alternative for Uruguayan consumers, with goods costing between two and four times less in border cities. According to a report by the Economic Observatory of the Catholic University of Uruguay (UCU), cited by El País, prices in the Brazilian city of Quaraí are on average 74.4% lower than in neighboring Artigas, marking a widening gap compared to previous months.

Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) decided on Wednesday to maintain the basic Selic interest rate at 15% per annum, which drew long faces among the country's industry, commerce, and trade sectors.

Brazilian President Luiz Inácio Lula da Silva signed into law a bill making Belém, in the state of Pará, the capital of the South American country for the duration of the 30th United Nations Climate Change Conference (COP30) between Nov. 11 and 21. The measure has been published in the Diário Oficial da União (Official Gazette).

Brazil's Lower House passed on Tuesday a bill providing for the collection of taxes on streaming services submitted by the rapporteur, Congressman Doutor Luizinho (PP-RJ). Additional wording adjustments are expected to be made on Wednesday.

Indigenous communities in Peru's remote Yurúa district, on the border with Brazil, are raising a serious alarm over the increasing presence of members of the Brazilian criminal organization Comando Vermelho (Red Command) operating in their territory.