Why Brazil Can’t Quit Coal

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Brazil is facing pressure to adopt a detailed road map to phase out fossil fuels at the COP30 climate conference, but its president is pushing for a different agenda, indicating a potential conflict between the country's climate goals and its reliance on coal.

Market Impact

Market impact analysis based on bearish sentiment with 73% confidence.

Sentiment
Bearish
AI Confidence
73%

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Many of the 80-plus countries at the COP30 climate conference in Brazil are pushing for a detailed road map that would phase out fossil fuels. Brazil has the presidency of the 30th conference of the parties under the UN Framework Convention on Climate Change, the treaty signed in 1992 in Rio de Janeiro that binds the world to “avoid dangerous climate change”, without specifying how to do so. COP30 President André Corrêa do Lago is reportedly pushing for a decision on four issues that weren’t on the original agenda,…

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Original article published by OilPrice.com on November 21, 2025.
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