The China Mail - EU scrambles to seal climate deal ahead of COP30

USD -
AED 3.672498
AFN 66.189861
ALL 82.308739
AMD 381.101852
ANG 1.790403
AOA 916.999547
ARS 1449.268601
AUD 1.506557
AWG 1.8025
AZN 1.695316
BAM 1.668209
BBD 2.011916
BDT 122.169244
BGN 1.6672
BHD 0.377035
BIF 2953.637244
BMD 1
BND 1.291379
BOB 6.902993
BRL 5.551498
BSD 0.998878
BTN 89.50329
BWP 14.050486
BYN 2.935821
BYR 19600
BZD 2.009016
CAD 1.377585
CDF 2558.556157
CHF 0.794305
CLF 0.023214
CLP 910.69048
CNY 7.04095
CNH 7.032575
COP 3830.4
CRC 498.893291
CUC 1
CUP 26.5
CVE 94.051468
CZK 20.725804
DJF 177.880699
DKK 6.365695
DOP 62.572768
DZD 129.783354
EGP 47.456197
ERN 15
ETB 155.183896
EUR 0.85228
FJD 2.28735
FKP 0.750114
GBP 0.745305
GEL 2.684986
GGP 0.750114
GHS 11.473145
GIP 0.750114
GMD 73.000281
GNF 8731.773266
GTQ 7.654449
GYD 208.991888
HKD 7.77914
HNL 26.315879
HRK 6.419894
HTG 130.971776
HUF 329.432504
IDR 16785.55
ILS 3.209245
IMP 0.750114
INR 89.617976
IQD 1308.603329
IRR 42100.000086
ISK 125.459681
JEP 0.750114
JMD 159.835209
JOD 0.70896
JPY 157.4965
KES 129.009876
KGS 87.450192
KHR 4008.904887
KMF 420.000025
KPW 899.999969
KRW 1480.620333
KWD 0.30755
KYD 0.832484
KZT 516.941816
LAK 21634.83067
LBP 89452.454975
LKR 309.276152
LRD 176.805994
LSL 16.757292
LTL 2.95274
LVL 0.60489
LYD 5.414465
MAD 9.156424
MDL 16.911247
MGA 4542.76003
MKD 52.46135
MMK 2100.312258
MNT 3551.223311
MOP 8.006346
MRU 39.977141
MUR 46.170356
MVR 15.449838
MWK 1732.151158
MXN 18.00365
MYR 4.076981
MZN 63.907172
NAD 16.757577
NGN 1458.929593
NIO 36.762668
NOK 10.136605
NPR 143.207097
NZD 1.729675
OMR 0.384501
PAB 0.9989
PEN 3.363983
PGK 4.249457
PHP 58.789501
PKR 279.869756
PLN 3.58449
PYG 6701.551925
QAR 3.641792
RON 4.334981
RSD 100.038982
RUB 79.275995
RWF 1454.433797
SAR 3.750698
SBD 8.146749
SCR 13.9235
SDG 601.499323
SEK 9.261735
SGD 1.29076
SHP 0.750259
SLE 24.049673
SLL 20969.503664
SOS 569.859135
SRD 38.441498
STD 20697.981008
STN 20.897483
SVC 8.740228
SYP 11058.38145
SZL 16.755159
THB 31.179501
TJS 9.205089
TMT 3.5
TND 2.923942
TOP 2.40776
TRY 42.807202
TTD 6.780138
TWD 31.511972
TZS 2483.481013
UAH 42.236154
UGX 3573.0431
UYU 39.219031
UZS 12008.597675
VES 282.15965
VND 26334.5
VUV 120.603378
WST 2.787816
XAF 559.492159
XAG 0.014521
XAU 0.000227
XCD 2.70255
XCG 1.800332
XDR 0.695829
XOF 559.492159
XPF 101.722094
YER 238.401933
ZAR 16.71335
ZMK 9001.199154
ZMW 22.600359
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    -2.9300

    74.77

    -3.92%

  • BCE

    -0.0100

    22.84

    -0.04%

  • GSK

    0.3200

    48.61

    +0.66%

  • RIO

    0.6900

    78.32

    +0.88%

  • RBGPF

    0.0000

    80.22

    0%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • BTI

    -0.5900

    56.45

    -1.05%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • NGG

    -0.2800

    76.11

    -0.37%

  • RELX

    0.0800

    40.73

    +0.2%

  • JRI

    -0.0500

    13.38

    -0.37%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • AZN

    0.7500

    91.36

    +0.82%

  • VOD

    0.0400

    12.84

    +0.31%

  • BP

    0.6300

    33.94

    +1.86%

EU scrambles to seal climate deal ahead of COP30
EU scrambles to seal climate deal ahead of COP30 / Photo: © AFP/File

EU scrambles to seal climate deal ahead of COP30

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

Text size:

"To come empty-handed to Belem," where the COP30 talks are taking place from November 10 to 21, "would really undermine the EU's credibility," warned an EU diplomat.

Talks are expected to stretch into the night among the European Union's 27 member states, which have been haggling for months over two separate targets for slashing greenhouse-gas emissions: one for 2035 and the other for 2040.

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 to the right, and climate concerns have largely taken a back seat to defence and competitiveness.

Ministers' most urgent challenge on Tuesday is to reach a unanimous deal on an emissions target for 2035, known as a Nationally Determined Contribution (NDC), which Paris Agreement signatories are supposed to bring to the Brazil summit.

Beyond that, they hope 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, drawing criticism from environmental groups.

On Paris's list of demands are guarantees its nuclear sector would not lose out under green transition plans, funding for clean industries, and wiggle room on emissions should Europe's forests absorb less carbon than expected in years to come.

- 'Balancing act' -

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 review clause in the 2040 climate law, allowing the target to be reassessed every two years.

Environmental groups have been pushing back.

"Member States should not further undermine the proposals on the table through unnecessary loopholes," warned Sven Harmeling at Climate Action Network Europe.

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.

"It's a careful balancing act," summed up a second diplomat, who said countries "seem to be converging" on an agreement.

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.

"It's simply unthinkable that the EU would arrive in Belem without an NDC," said a French government source. "That would be a diplomatic disaster."

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.

S.Wilson--ThChM