COP30 took place in Belém, Brazil, at the heart of the Amazon, setting the stage for high-stakes climate negotiations amid one of the planet's most critical ecosystems. This episode of Fixed on ESG examines the summit's defining outcomes: the formal acknowledgment that the 1.5°C target is no longer attainable without overshoot, debates over fossil fuel phase-outs, and the shifting balance of influence as emerging markets assert a stronger role amid the absence of U.S. leadership.

We also explore new climate finance pledges, adaptation funding, and the launch of the Tropical Forests Forever initiative, alongside the EU's trade measures and revised emissions targets—analyzing how these developments could shape the trajectory of global climate action.

PGIM's John Ploeg, CFA, Co-Head of Fixed Income ESG Research, hosts this discussion with Roma Wilkinson, ESG Specialist.

Recorded on December 9, 2025.