The China Mail - EU in last-ditch push to seal climate targets before COP30

USD -
AED 3.672499
AFN 64.501308
ALL 81.091764
AMD 369.248031
ANG 1.789884
AOA 917.999814
ARS 1395.523747
AUD 1.382485
AWG 1.8
AZN 1.698555
BAM 1.662466
BBD 2.013854
BDT 122.689218
BGN 1.668102
BHD 0.377545
BIF 2976.339735
BMD 1
BND 1.267973
BOB 6.9098
BRL 4.914103
BSD 0.999873
BTN 94.420977
BWP 13.425192
BYN 2.825886
BYR 19600
BZD 2.010964
CAD 1.36575
CDF 2316.000248
CHF 0.778435
CLF 0.022607
CLP 889.770183
CNY 6.80505
CNH 6.80103
COP 3738.9
CRC 459.648974
CUC 1
CUP 26.5
CVE 93.718924
CZK 20.662698
DJF 178.070373
DKK 6.35355
DOP 59.467293
DZD 132.269335
EGP 52.717905
ERN 15
ETB 156.137601
EUR 0.85023
FJD 2.184898
FKP 0.734821
GBP 0.734715
GEL 2.679792
GGP 0.734821
GHS 11.264445
GIP 0.734821
GMD 72.999787
GNF 8773.107815
GTQ 7.634866
GYD 209.223551
HKD 7.82816
HNL 26.583478
HRK 6.404025
HTG 130.919848
HUF 302.820499
IDR 17368.9
ILS 2.90496
IMP 0.734821
INR 94.478103
IQD 1309.963492
IRR 1312900.000029
ISK 122.270146
JEP 0.734821
JMD 157.601928
JOD 0.708974
JPY 156.754504
KES 129.130063
KGS 87.420497
KHR 4012.087263
KMF 419.000313
KPW 899.950939
KRW 1466.68497
KWD 0.30763
KYD 0.833358
KZT 462.122307
LAK 21929.626969
LBP 89547.492658
LKR 321.915771
LRD 183.493491
LSL 16.405102
LTL 2.952741
LVL 0.60489
LYD 6.322723
MAD 9.144703
MDL 17.099822
MGA 4176.618078
MKD 52.401617
MMK 2099.606786
MNT 3578.902576
MOP 8.06268
MRU 39.968719
MUR 46.820195
MVR 15.454972
MWK 1733.612706
MXN 17.23635
MYR 3.920978
MZN 63.900189
NAD 16.405102
NGN 1359.689667
NIO 36.794016
NOK 9.20175
NPR 151.087386
NZD 1.67806
OMR 0.384529
PAB 0.999962
PEN 3.457057
PGK 4.415452
PHP 60.485968
PKR 278.66746
PLN 3.598017
PYG 6107.687731
QAR 3.654753
RON 4.440951
RSD 99.791978
RUB 74.148427
RWF 1465.941884
SAR 3.780624
SBD 8.032258
SCR 14.326153
SDG 600.498337
SEK 9.218875
SGD 1.267885
SHP 0.746601
SLE 24.600677
SLL 20969.496166
SOS 571.467429
SRD 37.43097
STD 20697.981008
STN 20.823594
SVC 8.749309
SYP 110.543945
SZL 16.394307
THB 32.224021
TJS 9.329718
TMT 3.51
TND 2.904513
TOP 2.40776
TRY 45.36475
TTD 6.776593
TWD 31.394497
TZS 2604.644023
UAH 43.92104
UGX 3746.547108
UYU 39.879308
UZS 12128.681314
VES 496.20906
VND 26308
VUV 118.026144
WST 2.704092
XAF 557.575577
XAG 0.012389
XAU 0.000212
XCD 2.70255
XCG 1.802048
XDR 0.695511
XOF 557.525817
XPF 101.364158
YER 238.601522
ZAR 16.42005
ZMK 9001.201083
ZMW 19.037864
ZWL 321.999592
  • BCC

    -0.2100

    72.55

    -0.29%

  • RELX

    -0.0241

    33.48

    -0.07%

  • BCE

    -0.2500

    24.32

    -1.03%

  • RIO

    2.4500

    105.56

    +2.32%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • JRI

    0.0000

    13.15

    0%

  • CMSC

    0.0000

    22.97

    0%

  • GSK

    -0.3800

    50.12

    -0.76%

  • BTI

    0.1600

    58.24

    +0.27%

  • CMSD

    0.0000

    23.42

    0%

  • RBGPF

    0.0000

    63.18

    0%

  • BP

    -0.1050

    43.705

    -0.24%

  • AZN

    -0.5700

    181.95

    -0.31%

  • VOD

    0.4050

    16.095

    +2.52%

  • NGG

    0.9000

    86.81

    +1.04%

EU in last-ditch push to seal climate targets before COP30
EU in last-ditch push to seal climate targets before COP30 / Photo: © AFP

EU in last-ditch push to seal climate targets before COP30

EU environment ministers Tuesday launched a last-ditch bid to reassert the bloc's climate ambitions by nailing down key emissions targets in the run-up to the UN's COP30 summit in Brazil.

Text size:

The European Union's member states have been haggling for months over two separate targets for slashing greenhouse-gas emissions: one for 2035 they must bring to the UN climate talks, and the other for 2040.

"This is a crucial day," French Environment Minister Monique Barbut told reporters as the final negotiations began in Brussels -- warning that turning up empty-handed at the November 10-20 talks in Belem would spell "disaster" for the EU.

Behind only China, the United States and India in terms of emissions, the EU has been the most committed of the major polluters to climate action and has already cut emissions by 37 percent compared to 1990.

But after blazing a trail, the EU's political landscape has shifted right, and climate concerns have taken a back seat to defence and competitiveness -- amid concerns in some capitals that greening Europe's economy is harming growth.

"It takes 27 to tango," summed up the bloc's environment chief Wopke Hoekstra as he headed into Tuesday's talks.

The most urgent challenge for ministers is to reach a unanimous deal on an EU emissions target for 2035, known as a Nationally Determined Contribution (NDC), which Paris Agreement signatories are supposed to bring to the COP30.

"The decision is today," German Environment Minister Carsten Schneider declared on arrival. "I want our heads of state and government to go to Brazil with a very strong mandate, a clear leadership role for Europe."

Beyond the Belem target, the EU hopes to lock in the support of a weighted majority of countries for the next big climate target set out by the European Commission on the path to carbon neutrality by 2050.

The EU executive said in July it wanted to cut emissions by 90 percent by 2040, compared to 1990 levels -- a major step towards net-zero.

But the bloc's capitals have yet to endorse that next step, which would require sweeping changes to industry and daily life at a time of growing concern over adverse impacts on Europe's economy.

Spain and the Nordic countries support the 2040 proposal, as does Germany -- with some caveats. But Hungary, Poland, the Czech Republic and Italy remain opposed, citing risks to their industrial sectors.

Heavyweight France, meanwhile, has kept observers guessing on its position -- demanding guarantees its nuclear sector would not lose out under green transition plans and wiggle room on emissions should Europe's forests absorb less carbon than expected.

- 'Not pretty' -

To win over the staunchest sceptics, Tuesday's talks will cover a range of "flexibilities" for member states, including letting countries count carbon credits purchased to finance projects outside Europe.

A commission pledge for credits to account for up to three percent of a nation's 2040 emission cuts failed to win over hardliners, with countries including France pushing for a higher threshold of five percent.

Some countries also want a clause allowing the 2040 target to be reassessed every two years.

Environmental groups have accused states of undermining the bloc's climate ambitions with loopholes.

But a diplomat involved in the process defended the compromise shaping up in Brussels, while conceding it was "not necessarily pretty".

"In the muddy, messy, nasty real world out there, we are trying to achieve something good," said the diplomat, granted anonymity to discuss the sensitive deliberations.

With the clock ticking down to COP30, EU countries in September agreed to a non-binding "statement of intent" for the bloc to cut emissions by between 66.25 percent and 72.5 percent by 2035.

To avoid deadlock, ministers are expected Tuesday to formalise that range as the bloc's legally binding NDC under the Paris Agreement.

The EU insists it remains committed to its role as global climate leader, having mobilised 31.7 billion euros ($36.6 billion) in public climate finance in 2024, making it the world's largest donor.

D.Peng--ThChM