In 2024 global greenhouse‐gas emissions reached a record 57.7 GtCO2e, up 2.3% from 2023, with fossil‐fuel CO2 at 37.4 billion metric tons (+0.8%); oil and gas rose 0.9% and 2.4%, coal 0.2%, and China, India, the U.S., Russia and Indonesia were the largest emitters, with India recording the highest absolute increase. Reacting to this rise, EU environment ministers (Nov 5–10, 2025) revised the climate law and submitted an NDC committing to 66.25–72.5% net GHG cuts below 1990 by 2035, ≈90% by 2040 and neutrality by 2050. The Baku‐to‐Belém Roadmap aims to mobilize US$1.3 trillion/year by 2035; EU public climate finance in 2024 totaled €31.7bn plus €11bn mobilized privately. With COP30 (Nov 10–21, 2025) imminent, the article flags urgent tests on implementation, finance delivery and operational plans.