AGP Executive Report
Last update: 4 hours agoCOP31 Leadership: Brazil is pressing its fossil-fuel transition roadmap in Antalya, seeking to turn last year’s pledges into funded action. The push has drawn support from major producers, but debate remains over whether Türkiye’s electrification target requires clean power. Amazon Fund: Norway pledged another R$350 million, bringing its contributions to R$4.1 billion. The announcement recognizes Brazil’s reported 41.8% drop in deforestation from August 2025 to July 2026. Diplomacy: Lula met Türkiye’s president on the sidelines of COP31 and is due to make the first state visit to the Philippines by a sitting Brazilian president, before attending the ASEAN summit. Domestic Politics: Lula is racing to advance his agenda amid expectations of a more hostile Congress, with fiscal discipline and the country’s rising debt adding pressure.
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