气候行动缺失？COP 30峰会在巴西举行

The latest round of U.N. climate talks, known as COP30, is making headlines this week in Brazil. Ironically, the country has been expanding its fossil fuel industry, with crude oil recently topping soybeans as its top export. State-owned company, Petrobras (PBR), has also been pushing for controversial drilling near the mouth of the Amazon River, while there was outrage over the destruction of the Amazon rainforest to build new infrastructure, including a four-lane highway, to accommodate the thousands of climate delegates in Belém. Petrobras poised to start production at next Buzios oil platform

Quote: This is "the COP of truth,” Brazilian President Luiz Inácio Lula da Silva declared at the summit. "Climate change is not a threat to the future – it is a tragedy of the present. We need roadmaps so that humanity, in a just and planned way, can overcome its dependence on fossil fuels, halt and reverse deforestation, and mobilize resources for these purposes. Crossing 1.5°C is a risk we cannot take."

As part of his vision, Lula argued that "just and equitable" energy transitions in developing countries could be financed by revenues from oil exploration. That means that crude and gas can stick around longer than once expected, which was echoed in the latest IEA report. The agency outlined that fossil fuel demand may continue rising until 2050, revising earlier expectations of a rapid shift to cleaner energy and signaling that climate targets are likely to be missed. EU ministers race to set new climate target ahead of COP30

What about America? The U.S. didn't send any official delegation to COP30, with President Trump recently declaring that climate change was the "greatest con job ever perpetrated on the world." Despite the rhetoric, the buildout of renewable energy capacity stateside continues at a rapid pace due to things like the AI boom, helping boost clean energy shares and the S&P Global Clean Energy Index (SPGTCLEN), which is up 46% YTD. Contrast that to the modest 7% YTD gain of the S&P 500 Energy Sector Index (SP500-10), given rising inventories from "drill, baby, drill" and OPEC+, as well as sluggish demand growth across the globe.