The China Mail - Fossil fuel fight threatens to sink COP30 as EU rejects Brazil's draft

USD -
AED 3.673042
AFN 63.503991
ALL 82.403989
AMD 368.150403
ANG 1.790403
AOA 918.000367
ARS 1465.449815
AUD 1.42575
AWG 1.8025
AZN 1.70397
BAM 1.705709
BBD 2.013483
BDT 122.708482
BGN 1.69088
BHD 0.37702
BIF 2985
BMD 1
BND 1.290663
BOB 6.90816
BRL 5.152304
BSD 0.999721
BTN 94.239742
BWP 13.585663
BYN 2.777729
BYR 19600
BZD 2.010527
CAD 1.415225
CDF 2280.000362
CHF 0.807055
CLF 0.02293
CLP 902.460396
CNY 6.769604
CNH 6.783725
COP 3452.68
CRC 453.506829
CUC 1
CUP 26.5
CVE 96.403894
CZK 21.091104
DJF 177.720393
DKK 6.516504
DOP 58.403884
DZD 133.34504
EGP 49.986489
ERN 15
ETB 158.37504
EUR 0.871881
FJD 2.235504
FKP 0.755711
GBP 0.755512
GEL 2.650391
GGP 0.755711
GHS 11.22504
GIP 0.755711
GMD 73.503851
GNF 8775.000355
GTQ 7.625892
GYD 209.119888
HKD 7.83685
HNL 26.68504
HRK 6.568099
HTG 130.583803
HUF 306.820388
IDR 17826.3
ILS 2.95976
IMP 0.755711
INR 94.330504
IQD 1310
IRR 1375000.000352
ISK 125.530386
JEP 0.755711
JMD 157.959917
JOD 0.70904
JPY 161.30504
KES 129.403801
KGS 87.450384
KHR 4010.00035
KMF 429.503794
KPW 900.00035
KRW 1527.650383
KWD 0.30793
KYD 0.833035
KZT 487.855928
LAK 22055.000349
LBP 89550.000349
LKR 333.641485
LRD 182.150382
LSL 16.405039
LTL 2.95274
LVL 0.60489
LYD 6.375039
MAD 9.225039
MDL 17.654036
MGA 4200.000347
MKD 53.732839
MMK 2099.479867
MNT 3580.422334
MOP 8.070939
MRU 40.060379
MUR 47.850378
MVR 15.450378
MWK 1737.000345
MXN 17.326503
MYR 4.137904
MZN 63.910377
NAD 16.403727
NGN 1360.440377
NIO 36.610377
NOK 9.680201
NPR 150.787532
NZD 1.741735
OMR 0.384983
PAB 0.999725
PEN 3.384039
PGK 4.38775
PHP 60.716504
PKR 278.325038
PLN 3.71375
PYG 6138.96617
QAR 3.640504
RON 4.568104
RSD 102.170373
RUB 73.103247
RWF 1464
SAR 3.74824
SBD 8.061424
SCR 13.683262
SDG 600.503676
SEK 9.57882
SGD 1.292404
SHP 0.746601
SLE 24.750371
SLL 20969.503664
SOS 571.503662
SRD 37.402504
STD 20697.981008
STN 21.4
SVC 8.747449
SYP 110.532098
SZL 16.403649
THB 32.890369
TJS 9.272075
TMT 3.5
TND 2.91175
TOP 2.40776
TRY 46.438199
TTD 6.779085
TWD 31.715038
TZS 2630.985038
UAH 44.909735
UGX 3638.520172
UYU 39.96965
UZS 12005.000334
VES 606.63266
VND 26310
VUV 118.132932
WST 2.751795
XAF 572.078806
XAG 0.015419
XAU 0.00024
XCD 2.70255
XCG 1.801643
XDR 0.703697
XOF 565.000332
XPF 104.250363
YER 238.603589
ZAR 16.458038
ZMK 9001.170907
ZMW 17.919703
ZWL 321.999592
  • CMSC

    0.0500

    22.37

    +0.22%

  • NGG

    -1.2400

    79.44

    -1.56%

  • RELX

    -0.8300

    31.18

    -2.66%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • AZN

    -2.9600

    174.93

    -1.69%

  • BP

    -1.0400

    39.1

    -2.66%

  • GSK

    -1.4800

    50.67

    -2.92%

  • RIO

    -2.5900

    100.08

    -2.59%

  • VOD

    -0.2300

    14.3

    -1.61%

  • BCC

    3.8500

    74.66

    +5.16%

  • JRI

    0.0500

    12.67

    +0.39%

  • CMSD

    0.0000

    22.29

    0%

  • BTI

    -0.5800

    58.91

    -0.98%

  • BCE

    0.0000

    23.28

    0%

Fossil fuel fight threatens to sink COP30 as EU rejects Brazil's draft

Fossil fuel fight threatens to sink COP30 as EU rejects Brazil's draft

The clock was ticking down on the slated final day of UN climate talks in Brazil Friday where a bitter fight over whether to mention fossil fuels in any agreement threatened to upend the event.

Text size:

At stake at COP30 is securing a deal that paves the way for faster cuts to planet-warming emissions that are driving ever more extreme weather -- and proving that international cooperation can still function in a fractured world.

After nearly two weeks of negotiations in the Amazonian city of Belem, a new draft agreement unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President Luiz Inacio Lula da Silva had himself publicly championed.

European Union climate commissioner Wopke Hoekstra said the text was "unacceptable" and that the summit risked ending without an agreement.

"I am saying it with a heavy heart, but what is now on the table is clearly no deal," Hoekstra told reporters.

Speaking on condition of anonymity, a European delegate said the bloc was being cast as "villains" for refusing to back the deal. Some member states were weighing a walkout, the delegate added, while others feared being blamed if the talks collapsed.

The conference, which was disrupted for several hours by a fierce blaze Thursday that tore a hole in the venue's roof -- as well as by two Indigenous-led protests last week -- was supposed to end on Friday evening at 6:00 pm (2100 GMT).

Well after that time, countries were sending staff back to their hotels, with the summit likely to spill over into the weekend.

- Consensus required -

Thirty-six countries -- including wealthy nations, emerging economies and small island states -- had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from oil, coal and gas.

France's ecological transition minister, Monique Barbut, told AFP that oil-rich Russia and Saudi Arabia, along with coal producer India and "many" emerging countries, were blocking the language.

Arunabha Ghosh, a special envoy for South Asia at the talks, shot back against "finger pointing."

"To assume that one side cares about the planet and the other side, because they are unhappy with the formulation, does not care about the planet does grievous harm to the spirit of negotiations," he told AFP.

Ghosh defended the exclusion of the "roadmap," arguing developing countries needed to ensure energy security and a just transition for their workers dependent on fossil fuel sector.

Consensus is needed among the nearly 200 nations to land an agreement at the UN climate conference, which this year is taking place without the United States as President Donald Trump shunned the event.

The head of COP30, Brazilian diplomat Andre Correa do Lago, said ruefully that those who doubt that cooperation is the best way forward for climate change "are going to be absolutely delighted to see that we cannot reach an agreement between us."

- Money fight -

The push for a phaseout of oil, coal and gas -- the main drivers of global warming -- grew out of frustration over a lack of follow-through on the COP28 agreement in Dubai in 2023 to transition away from fossil fuels.

Divisions also remain over trade measures and finance for poorer nations to adapt to the impacts of climate change, such as floods and droughts, and move to a low-carbon future.

The rejected draft said there was a need for a "manyfold increase" in financial support for developing countries. It also called for "efforts to triple adaptation finance" by 2030 compared to 2025 levels.

"The EU is stuck with a much earlier tripling of adaptation finance than they're comfortable with and in exchange they got nothing," said Jake Schmidt, senior strategic director at the Natural Resources Defense Council, an advocacy group. "It's a tough pill to swallow," Schmidt told AFP.

It was another element the EU had not wanted included in the agreement.

K.Leung--ThChM