The China Mail - Climate talks run into night as COP30 hosts seek breakthrough

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
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0400

    22.97

    -0.17%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • CMSD

    0.0000

    23.42

    0%

  • VOD

    -0.4400

    15.69

    -2.8%

  • NGG

    -1.9400

    85.91

    -2.26%

  • RIO

    -2.4000

    103.11

    -2.33%

  • BTI

    -1.4800

    58.08

    -2.55%

  • GSK

    -0.0300

    50.5

    -0.06%

  • RELX

    -1.5900

    34.16

    -4.65%

  • BCE

    0.3400

    24.57

    +1.38%

  • BCC

    -1.4800

    72.76

    -2.03%

  • JRI

    -0.0200

    13.15

    -0.15%

  • AZN

    -2.4000

    182.52

    -1.31%

  • BP

    -0.8200

    43.81

    -1.87%

Climate talks run into night as COP30 hosts seek breakthrough
Climate talks run into night as COP30 hosts seek breakthrough / Photo: © AFP/File

Climate talks run into night as COP30 hosts seek breakthrough

COP30 hosts Brazil on Monday extended negotiations into the night at the UN climate talks as they pushed for a rapid compromise among countries very much at deep odds.

Text size:

Following a difficult first week, Brazil set a deadline for nations to finalize "a significant part" of the negotiations by Tuesday evening for approval the following day.

"It's super difficult as you know... but all involved thought that it's worth a try" said COP30 President Andre Correa do Lago in the rainforest city of Belem where the talks are underway.

Sleepless nights are assured, with Correa do Lago extending the program so negotiators were "able to continue working at night."

They have their work cut out.

No progress has been made to reconcile differences over weak climate commitments, insufficient financial pledges and trade measures.

China and India are leading a push for COP30 to adopt a decision against unilateral trade barriers, singling out the EU's Carbon Border Adjustment Mechanism (CBAM) for attack.

Tested since 2023 and set to become fully operational in 2026, CBAM targets imports of carbon-intensive goods such as steel, aluminum, cement, fertilizers, electricity and hydrogen.

The head of China's COP30 delegation, Li Gao, told AFP last week that nations should "avoid the negative impact of, for example, geopolitical unilateralism or protectionism."

But the EU's climate commissioner, Wopke Hoekstra, hit back at attacks over the bloc's flagship policy and defended carbon pricing as "something that we need".

"We're not going to be lured into the suggestion that actually CBAM is a unilateral trade measure. And in that realm, we're also not going to discuss it," Hoekstra said in a news conference.

EU and Chinese officials were due to hold talks later Monday.

- Sleepless in Belem -

UN climate chief Simon Stiell urged negotiators to tackle "the hardest issues fast" to avoid going into overtime at the summit's close on Friday.

"When these issues get pushed deep into extra time, everybody loses. We absolutely cannot afford to waste time on tactical delays or stonewalling," he said.

The COP30 presidency published a memo Sunday evening summarizing the divergent viewpoints and proposing options.

Money is again at the heart of the negotiations, after last year's summit in Baku ended with an agreement for developed countries to provide $300 billion annually in climate finance to poorer nations -- a figure criticized as greatly insufficient.

Developing countries, especially from Africa, want COP30 to point the finger at developed nations for falling short on providing financing to help adapt to climate change and cut emissions.

Another divisive issue was a push by island states -- backed by Latin American nations and the EU -- for COP30 to respond to the latest projections showing the world will fail to limit warming to 1.5C.

But major emerging countries, from China to Saudi Arabia, are wary of any text that implies they are not doing enough to curb climate change.

"For Small Island Developing States, 1.5C is not a political slogan. It is a non-negotiable survival threshold for our people, our culture, and our livelihoods," said Steven Victor, the environment minister of Palau, which is chairing the Alliance of Small Island States (AOSIS).

- Fossil fight -

Victor told fellow ministers that AOSIS was disappointed over a lack of progress since nations agreed in 2023 at COP28 in Dubai to transition away from fossil fuels.

Host nation Brazil wants COP30 to send an ambitious signal on fossil fuels, but it remains unclear what form this might take.

Even supporters are doubtful that stronger language on fossil fuels could be agreed by all countries at COP30 given fierce opposition from major oil-producing nations, among others.

"At the end of the day... it's about phasing out fossil fuels if we are to solve this problem," a delegate from a European country supportive of Brazil's fossil fuel push told AFP.

"They are not talking about it in the negotiating rooms. Someone has to do something about it."

Brazil's Vice President Geraldo Alckmin urged ministers on Monday to agree to "integrated action plans" for transitioning away from fossil fuels.

Alckmin said President Luiz Inacio Lula da Silva might come to Belem this week, which would be "extremely positive."

"Brazil is committed to combating climate change," he said.

ia-ico-alb-lth-np/bjt

Y.Su--ThChM