Lula goes to COP31 in Türkiye, but agreement against oil, gas and coal remains unlikely
According to AFP, the re-elected president will go to Antalya from November 9th to 20th, while experts see little chance of progress in eliminating fossil fuels.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 3 MIN
Lula is expected to participate in COP31, the climate conference scheduled for Antalya, Turkey, between November 9th and 20th. The information was given to AFP by a government source, and the Presidency confirmed his presence at the leaders' summit, according to Money Times. Re-elected on October 25 after winning the second round against Flávio Bolsonaro, Lula is 81 years old and takes the trip to one of the most sensitive topics on the international agenda.
The Minister of Health, Alexandre Padilha, accompanies the president. In a statement to AFP on Wednesday (28), Padilha stated that the result represents a victory against climate denialism. According to Times Brasil, the previous conference, which the country hosted, did not bring targets for fossil fuels, and this history weighs on expectations for Turkey.
The scheduled schedule places Lula in Antalya on November 10th, with participation in the leaders' summit on the 11th and 12th. He had already discussed his presence with Erdogan, according to Money Times. The conference is expected to discuss the elimination of oil, gas and coal, but experts interviewed by Times Brasil consider an agreement on this point unlikely.
After Antalya, the itinerary takes Lula to the Philippines on November 13, for the Asean summit and a bilateral visit. The invitation to Asean arrives for the second year in a row. There is also the possibility of a new meeting with Trump at the event, depending on his schedule.
The recent precedent is Malaysia, where Lula and Trump had their first bilateral meeting in 2025, during the Asean summit. A second meeting, if confirmed, would be closely monitored by those who observe commercial and diplomatic relations between Brazil and the United States.
What changes for the investor
For those who follow the stock market, interest rates and the dollar, the direct impact of a climate conference is usually limited. The point of attention is a possible definition of goals to eliminate oil, gas and coal, which would change the regulatory environment of the chains linked to these fuels. As experts consider this agreement unlikely, the issue tends to remain on the radar without immediate definition. A possible conversation between Lula and Trump could bring signs about the relationship between the two countries, a variable that the market usually observes. This meeting, however, depends on the American president's calendar and has not yet been confirmed.
Automatically translated from Portuguese.
