Ilan Goldfajn, president of the IDB, used the meeting to present the case that rare earth and other strategic mineral projects can generate economic benefits for Latin America if environmental protections, labor standards and governance safeguards are properly enforced.

The discussion comes against the backdrop of longstanding Vatican criticism of multinational mining operations, particularly in Latin America, where extraction projects have frequently sparked disputes over environmental degradation, Indigenous land rights and unequal distribution of economic gains.

Goldfajn acknowledged those concerns but said the region has an opportunity to avoid the mistakes that have historically accompanied resource extraction.

“It’s a unique opportunity for the region, but you need to do it in the right way with the standards, the labor conditions, with the environmental conditions and the governance,” Goldfajn said in an interview before the meeting.

The IDB currently has a pipeline of approximately $4 billion in critical mineral projects, primarily in Chile, Argentina and Brazil, with roughly three-quarters of the financing involving private-sector participation.

Demand for minerals such as lithium, copper, cobalt, nickel and rare earth elements has surged as manufacturers expand production of electric vehicles, semiconductors, renewable energy systems and advanced defense technologies.

Latin America possesses some of the world’s largest reserves of these resources, positioning the region as a key supplier in increasingly competitive global supply chains.

Pope Leo, who spent two decades as a missionary and church leader in Peru before his election, is widely viewed as deeply familiar with both the economic promise and social consequences of mining activity.

His ministry included assignments in regions associated with major copper and gold extraction projects, exposing him directly to the concerns of local communities affected by industrial development.

Goldfajn said the pope’s experience gives him a nuanced understanding of the sector’s challenges and opportunities.

The Vatican has consistently advocated stronger protections for Indigenous populations and communities impacted by extractive industries. Earlier this year, Church officials promoted initiatives encouraging religious institutions to review investments in mining companies and increase support for communities affected by resource extraction.

The campaign followed years of criticism from the late Pope Francis, who frequently highlighted environmental damage linked to mining operations and called for affected Indigenous groups to be central participants in decisions involving their territories.

The Vatican did not release details of Friday’s private meeting between Goldfajn and Pope Leo.

Analysts say the pope’s views carry significant influence across Latin America, where Catholic institutions often play an important role in shaping local responses to major mining projects.

The debate comes as countries seek to balance economic development and growing global demand for critical minerals against environmental concerns and social opposition.

According to the latest estimates from the U.S. Geological Survey, more than half of the world’s known rare earth oxide reserves are located in China, while Brazil holds the second-largest reserves globally, underscoring Latin America’s strategic importance in future mineral supply chains.

The short-tailed roundleaf bat, known scientifically as Hipposideros curtus, was found in 2016 by Nigerian biologist Iroro Tanshi during field research in the Afi Mountain Wildlife Sanctuary in Cross River state.The discovery came decades after the species had last been recorded in the wild during the 1970s.

Researchers had feared that the bat had become extinct after previously documented habitats in parts of Cameroon and Equatorial Guinea disappeared because of deforestation and other human pressures.Tanshi was conducting doctoral research when her team captured the bat during a night expedition.

The scientists had been setting traps near a known bat roost when they noticed one animal that appeared different from the others.She said the bat’s unusually large ears and distinct features led her to consult identification records, which confirmed that the specimen was the short-tailed roundleaf bat.

The discovery prompted further surveys across cave networks in the Afi sanctuary and nearby Cross River National Park. Using harp traps and mist nets, Tanshi and local assistants identified 15 additional bats from the species.The short-tailed roundleaf bat is a small insect-eating mammal that weighs roughly the same as a teaspoon of salt.

Unlike larger fruit bats, it has small eyes and a highly developed nose structure that helps it navigate through darkness using echolocation.Because the species relies heavily on sound and is sensitive to disturbance, researchers have adapted their methods to avoid harming the animals.

Tanshi said she often uses red light during fieldwork because bright lights and noise can affect the bats.The rediscovery highlighted the importance of the Afi sanctuary, a protected rainforest area that supports several threatened species, including gorillas, drill monkeys and other wildlife.

However, Tanshi said she found that public awareness and conservation efforts were often focused on larger animals, while smaller species such as bats received less attention.She said local communities had strong cultural connections with some large mammals and often understood the need to protect them. Bats, however, continued to face threats despite existing conservation protections.

One of the major challenges has been hunting. In some communities, bats are considered a source of food and are traded as bushmeat.Bats have also historically faced negative perceptions in many societies, with some communities associating them with superstition or disease.

Tanshi described attitudes toward bats as complicated, noting that public concerns around diseases such as Ebola and Covid-19 had further influenced perceptions.In response to the threats facing bats and other small mammals, Tanshi and bat specialist Benneth Obitte established the Small Mammal Conservation Organisation in 2016.

The organisation later launched the Zero Wildfire Campaign, aimed at reducing forest fires that damage habitats and threaten wildlife.The campaign introduced colour-coded warning systems to help farmers manage controlled burning and reduce accidental fires.

Tanshi also created a community-based Forest Guardians group to monitor burning activities and respond quickly when fires spread.According to Tanshi, wildfire incidents in the forest area have declined significantly over several years following these efforts.

Her conservation work around the Afi sanctuary has received international recognition. She was named a National Geographic explorer and received environmental awards for efforts to protect the rainforest ecosystem.

A decade after the discovery of the short-tailed roundleaf bat, Tanshi continues to study the biodiversity of Nigeria’s forests and the species that remain hidden within them.The scientist said the rediscovery demonstrated how little is still known about some ecosystems and how species thought to have vanished can sometimes survive unnoticed.

The survival of the bat colony has also raised questions about how conservation strategies can better include smaller and less visible species, particularly in regions facing habitat loss and pressure from human activity.

For researchers working in the Afi sanctuary, the discovery transformed a species once considered lost into a focus of renewed conservation efforts.

A growing number of rewilding projects across Britain are reporting significant ecological improvements, prompting calls for greater recognition of the approach within national nature recovery strategies.

One of the projects highlighting those gains is Heal Somerset, a rewilding site in southwest England that has documented increases in wildlife populations and habitat diversity since restoration efforts began three years ago.According to Heal Rewilding, the charity behind the project, monitoring data show measurable changes in biodiversity across the site.

The number of small mammal species recorded has increased from three to five over the period, while a range of habitats has developed as former agricultural land has been allowed to recover.The project is supported by more than 250 volunteers who contribute to ecological surveys, removal of barbed-wire fencing and other restoration activities.

Community engagement forms a central part of the initiative, with the charity working alongside 15 underserved groups involved in managing and maintaining the site.Participants include people living with dementia, individuals with additional needs and those experiencing financial hardship.

Schools and youth organizations also take part in educational and conservation activities.The site has become an increasingly popular destination for visitors seeking access to natural landscapes undergoing ecological recovery.

Heal Rewilding founder Jan Stannard said many older visitors describe the experience as a reminder of landscapes that were once more common in Britain before decades of agricultural intensification.“An increasing number of people are coming either as visitors or camping and if they are older they are being transported back to a childhood experience of abundance that they will not get in the farmed countryside,” Stannard said.

She said visitors frequently report hearing insects and bird species that have become less common in many agricultural areas.“They are hearing grasshoppers and crickets in the day and birds such as linnet or greenfinch, which are much less common now,” she said.

The ecological transformation has also been evident to staff working on the project since its early stages.Dan Hill, a 25-year-old rewilding ranger who joined Heal Somerset three years ago, recalled arriving when large areas of the site were dominated by rye grass.“I remember seeing the monoculture of rye grass swaying in the wind and thinking, crikey, it’s desolate,” Hill said.He said the pace of ecological change had exceeded his expectations.

“Three years has flown by and so much has changed. It’s incredibly exciting. I’m learning so much,” he said.Hill described the project as evidence of the capacity of ecosystems to recover when human intervention is reduced and natural processes are allowed to re-establish themselves.“Seeing what nature wants to do – it’s very hopeful,” he said.

He added that public response has been an important part of the project’s success.“When you get people coming to the site and they say: ‘I just want to keep coming back, I’ve never seen a site like this before,’ it really puts a smile on your face,” Hill said.Among the features attracting attention are natural wetland systems created by beavers.

The rodents have become increasingly common across eastern Somerset and are widely viewed by conservationists as important ecosystem engineers because of their ability to create ponds and wetlands that benefit a range of species.Heal Rewilding said its latest report was motivated in part by what it viewed as limited coverage of rewilding initiatives in the 2023 UK-wide State of Nature report.

The charity argues that while rewilding has expanded rapidly across Britain, evidence documenting outcomes has not always been systematically collected or incorporated into broader assessments of biodiversity recovery.

“We were struck by how little attention was given to rewilding, despite the extraordinary growth of the movement,” Stannard said.“There are now hundreds of rewilding projects across Britain and many report seeing remarkable ecological changes.”She said the sector must increasingly rely on scientific monitoring and measurable outcomes if rewilding is to become a more prominent component of environmental policy.

“Stories alone are not enough,” Stannard said. “If rewilding is to be fully recognised within national nature recovery strategies, we need robust evidence of its impact.”

The report forms part of a broader effort by conservation groups to demonstrate how rewilding projects can contribute to biodiversity restoration while also delivering social and educational benefits through community participation and public access to recovering landscapes.

This 30th United Nations Climate Change Conference represents a full-circle moment for Brazil. Over three decades ago, the country hosted the Rio Earth Summit, where the foundation of global climate cooperation was laid. Now, by hosting COP30 in Belem, Brazil reaffirms its commitment to environmental protection, forest preservation, and the inclusion of indigenous voices in global decision-making.

The summit is built on the principle of shared responsibility. Every nation, big or small, recognizes that climate change affects us all. Yet, it also acknowledges that developed countries, with greater resources and historic emissions, bear a stronger obligation to support developing nations through technology, funding, and fair climate policies.

This year’s COP30 focuses on action rather than promises. Countries are urged to deliver on past commitments, such as reducing fossil fuel use and accelerating the transition toward renewable energy. Brazil’s leadership has emphasized accountability, transparency, and measurable progress, ensuring that climate goals move beyond words into tangible global achievements.

Hosting COP30 in the Amazon carries deep symbolic meaning. The Amazon rainforest is often called the “lungs of the Earth,” absorbing massive amounts of carbon dioxide. By choosing Belem as the venue, the world is reminded of the crucial need to protect forests, biodiversity, and the livelihoods of indigenous communities who have long safeguarded these lands.

Delegates from across the globe are participating, including members of small island nations, developing countries, and major economies. Together, they represent a shared determination to limit global warming and secure a balanced climate system. The summit provides an opportunity for collaboration, knowledge sharing, and global unity on environmental issues.

One of the key themes of COP30 is empowerment through partnership. Governments, private companies, NGOs, and young activists are working hand in hand to promote renewable energy innovation, sustainable agriculture, and green finance. The discussions in Belem highlight how collective action can lead to long-lasting solutions that benefit both people and the planet.

Beyond the formal meetings, COP30 has become a celebration of global awareness and cooperation. Environmental campaigners, educators, and community leaders are showcasing projects that demonstrate practical ways to combat deforestation, pollution, and climate-related disasters. The event underscores the importance of turning ideas into real-world change.

The summit also represents optimism for the future. Nations are revisiting the 1.5-degree Celsius target, not as a failure, but as a renewed goal that demands creativity and courage. By recognizing challenges honestly and focusing on achievable progress, COP30 aims to inspire a global culture of responsibility and climate resilience.

As negotiations unfold, the spirit of Belem reflects unity, diversity, and environmental stewardship. With Brazil leading the discussions, countries are coming together to reaffirm that protecting nature is a shared human duty. The message from COP30 is clear — the time for action is now, and the world must move forward with purpose and solidarity.

COP30 is not just another conference; it is a milestone in humanity’s collective journey toward a greener planet. From renewable innovation to forest preservation, from global cooperation to local empowerment, Belem 2025 stands as a symbol of hope, determination, and a brighter tomorrow for all.

The COP30 Climate Summit in Belem, Brazil, has become a beacon of global unity as nations prepare to address the most pressing environmental challenges of our time.

Despite speculation about the United States’ participation, countries remain optimistic about achieving meaningful progress through dialogue and collaboration.

Governments from around the world have arrived in Brazil with renewed determination to protect the planet. They are ready to advance sustainable solutions that will secure a cleaner, greener future for generations to come.

This year’s summit highlights the importance of cooperation among nations, industries, and communities. It marks a defining moment for countries to reaffirm their shared responsibility in reducing carbon emissions and promoting renewable energy.

World leaders, including United Nations Secretary-General António Guterres, have emphasized that global climate action cannot be delayed. They call on all nations, regardless of political stance, to work together in the spirit of multilateralism and peace.

Countries from Europe, Asia, Africa, and the Americas have pledged to strengthen the Paris Agreement goals. They are committed to developing innovative strategies to limit global warming, enhance biodiversity, and promote sustainable economic growth.

China has expressed strong support for multilateral climate cooperation, reinforcing its role in the global transition toward clean energy.
Its continued leadership in renewable industries such as solar panels and electric batteries demonstrates how nations can benefit economically from going green.

South American nations hosting the event, particularly Brazil, have taken pride in welcoming the world to the heart of the Amazon. The setting symbolizes hope and resilience, reminding all participants of the importance of protecting vital ecosystems.

Experts believe that COP30 will showcase how collective willpower can overcome political differences. The conference’s agenda includes discussions on climate finance, green technologies, and protection against extreme weather events.

While debates over energy policies continue, the overall tone of the summit remains one of optimism and cooperation. Delegates from across the world have expressed confidence that progress can be achieved through mutual understanding and shared innovation.

Businesses and environmental organizations are also playing a key role in shaping sustainable solutions. From clean energy startups to international non-profits, the summit has become a global platform for creative partnerships and new environmental commitments.

Countries like Norway, Japan, and South Korea have reaffirmed their dedication to clean energy investments and environmental protection. Their combined efforts aim to accelerate global decarbonization and encourage innovation in green industries.

Belem has transformed into a hub of global collaboration, where hope replaces division and vision replaces doubt. Nations are united by the belief that sustainable development is not just an environmental necessity but also an economic opportunity.

This cooperative spirit stands as a testament to how the world can rise above differences and work together for a better tomorrow. Through partnership, persistence, and progress, COP30 is shaping up to be a landmark event for climate diplomacy and global unity.

The focus is no longer on what divides countries but on what binds them — the shared goal of protecting our planet. As world leaders and citizens alike look ahead, COP30 serves as a reminder that collective action remains humanity’s greatest tool in facing the climate challenge.