Brazilian President Luiz Inácio Lula da Silva said on Friday that he believed "the world is still far from reaching the goal of the Paris Agreement."

He also said in an address at the COP30 environmental summit in Belem that it was an "unpleasant truth" that the targets of the climate deal hadn't been met.

Lula called for a "greater contribution" from wealthy individuals to compensate for the amount of carbon they use.

“According to Oxfam, an individual belonging to the richest 0.1% of the planet emits, in a single day, more carbon than the poorest 50% of the world’s population over an entire year," Lula said.

"A minimum tax on multinational corporations and the taxation of the wealth of the super-rich can generate valuable resources for climate action,” he added.

The speech was delivered during a session to mark the 10th anniversary of the Paris Agreement.

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