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

USD -
AED 3.672504
AFN 65.000368
ALL 82.324126
AMD 360.540403
ANG 1.790403
AOA 918.000367
ARS 1546.131265
AUD 1.468645
AWG 1.8
AZN 1.70397
BAM 1.769883
BBD 2.014669
BDT 124.715381
BGN 1.77347
BHD 0.378283
BIF 3011.021908
BMD 1
BND 1.291151
BOB 11.678099
BRL 5.666304
BSD 1.000231
BTN 94.44641
BWP 14.015512
BYN 3.004037
BYR 19600
BZD 2.016692
CAD 1.42705
CDF 2315.000362
CHF 0.837483
CLF 0.025469
CLP 1002.376741
CNY 6.67175
CNH 6.676604
COP 3319.97
CRC 449.312832
CUC 1
CUP 24.064952
CVE 100.150394
CZK 22.139304
DJF 178.554905
DKK 6.782304
DOP 60.996961
DZD 137.215041
EGP 53.502064
ERN 15
ETB 164.576405
EUR 0.90715
FJD 2.27435
FKP 0.756884
GBP 0.755715
GEL 2.590391
GGP 0.756884
GHS 11.72504
GIP 0.756884
GMD 74.000355
GNF 8883.748356
GTQ 7.646644
GYD 209.264655
HKD 7.845704
HNL 26.963306
HRK 6.831965
HTG 131.491813
HUF 331.003504
IDR 18235.4
ILS 3.216704
IMP 0.756884
INR 94.245504
IQD 1520.116116
IRR 1913737.503816
ISK 123.930386
JEP 0.756884
JMD 158.434254
JOD 0.70904
JPY 159.73504
KES 130.050385
KGS 87.435504
KHR 4080.00035
KMF 447.00035
KPW 900.00035
KRW 1335.320383
KWD 0.31147
KYD 0.835579
KZT 446.945163
LAK 22570.87132
LBP 89792.715562
LKR 333.505692
LRD 170.463102
LSL 16.951422
LTL 2.95274
LVL 0.60489
LYD 6.463464
MAD 9.936862
MDL 18.213816
MGA 4555.721867
MKD 55.830725
MMK 2099.848767
MNT 3604.365716
MOP 8.103688
MRU 40.552456
MUR 47.620378
MVR 15.403739
MWK 1738.739965
MXN 18.536504
MYR 4.086104
MZN 63.903729
NAD 16.951422
NGN 1343.570377
NIO 36.90298
NOK 9.57248
NPR 151.114437
NZD 1.809464
OMR 0.385095
PAB 1.000231
PEN 3.411802
PGK 4.575679
PHP 63.960375
PKR 277.274459
PLN 3.996535
PYG 6207.891986
QAR 3.64425
RON 4.851904
RSD 106.559038
RUB 82.829047
RWF 1483.467138
SAR 3.82571
SBD 8.097697
SCR 13.874904
SDG 601.503676
SEK 10.075038
SGD 1.287304
SHP 0.752984
SLE 23.050371
SLL 20969.503664
SOS 573.048487
SRD 37.49037
STD 20697.981008
STN 22.225246
SVC 8.773983
SYP 13002.000337
SZL 16.946523
THB 33.875038
TJS 9.249966
TMT 3.5
TND 3.008504
TOP 2.40776
TRY 50.333804
TTD 6.806368
TWD 32.891404
TZS 2655.145825
UAH 45.588969
UGX 4131.053487
UYU 40.541335
UZS 12057.876355
VES 912.87925
VND 25725.5
VUV 120.638016
WST 2.81058
XAF 595.051667
XAG 0.020459
XAU 0.00025782798
XCD 2.70255
XCG 1.807139
XDR 0.707052
XOF 595.051667
XPF 108.325037
YER 236.550363
ZAR 16.976255
ZMK 9001.203584
ZMW 20.500748
ZWL 321.999592
SSP 5946.454122
MXV 2.081672
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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