Berliner Boersenzeitung - Brazil tries to avoid climate bust up at COP30 summit

EUR -
AED 4.283851
AFN 73.487731
ALL 95.475232
AMD 432.980696
ANG 2.087841
AOA 1070.816537
ARS 1622.569301
AUD 1.639321
AWG 2.102556
AZN 1.976329
BAM 1.948961
BBD 2.350153
BDT 143.167615
BGN 1.945786
BHD 0.440554
BIF 3471.405161
BMD 1.166467
BND 1.489965
BOB 8.062707
BRL 5.828014
BSD 1.166806
BTN 110.612852
BWP 15.771589
BYN 3.285571
BYR 22862.749047
BZD 2.346765
CAD 1.596246
CDF 2706.203174
CHF 0.923585
CLF 0.026821
CLP 1055.618143
CNY 7.976591
CNH 7.98292
COP 4240.81832
CRC 530.637955
CUC 1.166467
CUP 30.91137
CVE 110.668563
CZK 24.40483
DJF 207.304627
DKK 7.472829
DOP 69.259002
DZD 154.830385
EGP 61.863559
ERN 17.497002
ETB 183.135497
FJD 2.5762
FKP 0.863327
GBP 0.866277
GEL 3.137941
GGP 0.863327
GHS 13.052952
GIP 0.863327
GMD 85.152274
GNF 10235.746283
GTQ 8.91468
GYD 244.122312
HKD 9.140142
HNL 31.040207
HRK 7.535839
HTG 152.823731
HUF 367.031692
IDR 20277.450381
ILS 3.497406
IMP 0.863327
INR 111.171261
IQD 1528.071492
IRR 1534487.060367
ISK 143.801971
JEP 0.863327
JMD 182.967953
JOD 0.82702
JPY 187.368385
KES 150.649127
KGS 101.983379
KHR 4677.531942
KMF 492.248906
KPW 1049.781227
KRW 1730.698645
KWD 0.359393
KYD 0.972384
KZT 540.453512
LAK 25633.107543
LBP 104436.761171
LKR 372.801813
LRD 214.484095
LSL 19.678175
LTL 3.444273
LVL 0.705584
LYD 7.407039
MAD 10.805856
MDL 20.087426
MGA 4840.837667
MKD 61.66201
MMK 2449.556444
MNT 4174.651856
MOP 9.419247
MRU 46.635096
MUR 54.859018
MVR 18.027751
MWK 2031.424536
MXN 20.500883
MYR 4.633185
MZN 74.543034
NAD 19.678918
NGN 1604.463581
NIO 42.821174
NOK 10.885351
NPR 176.980206
NZD 2.001681
OMR 0.44851
PAB 1.166806
PEN 4.110626
PGK 5.06267
PHP 71.842649
PKR 325.298418
PLN 4.262007
PYG 7259.525826
QAR 4.250024
RON 5.10866
RSD 117.357054
RUB 87.19153
RWF 1704.207977
SAR 4.374869
SBD 9.37704
SCR 15.984135
SDG 700.486194
SEK 10.885993
SGD 1.49523
SHP 0.870885
SLE 28.697358
SLL 24460.220841
SOS 666.642215
SRD 43.696996
STD 24143.507427
STN 24.729096
SVC 10.210172
SYP 129.168815
SZL 19.654905
THB 38.293355
TJS 10.939067
TMT 4.088466
TND 3.373714
TOP 2.808572
TRY 52.706568
TTD 7.934158
TWD 36.990411
TZS 3044.478063
UAH 51.42953
UGX 4346.746967
USD 1.166467
UYU 46.437049
UZS 14055.924874
VES 566.421989
VND 30743.398667
VUV 138.077204
WST 3.167979
XAF 653.660459
XAG 0.016135
XAU 0.000256
XCD 3.152435
XCG 2.102921
XDR 0.813865
XOF 652.055361
XPF 119.331742
YER 278.348137
ZAR 19.6955
ZMK 10499.598722
ZMW 22.023717
ZWL 375.60183
  • RBGPF

    0.2800

    63.75

    +0.44%

  • CMSC

    -0.0100

    22.82

    -0.04%

  • CMSD

    -0.1400

    23.06

    -0.61%

  • BTI

    -1.0200

    57.45

    -1.78%

  • GSK

    -3.0700

    51.4

    -5.97%

  • NGG

    -1.4700

    85.98

    -1.71%

  • RIO

    -2.0000

    96.49

    -2.07%

  • BCC

    -3.6100

    79

    -4.57%

  • BCE

    -0.2400

    23.26

    -1.03%

  • BP

    0.4500

    46.8

    +0.96%

  • RYCEF

    -0.4000

    14.9

    -2.68%

  • RELX

    -0.2100

    35.8

    -0.59%

  • JRI

    -0.0700

    12.74

    -0.55%

  • AZN

    -1.4800

    185.2

    -0.8%

  • VOD

    -0.1500

    15.34

    -0.98%

Brazil tries to avoid climate bust up at COP30 summit
Brazil tries to avoid climate bust up at COP30 summit / Photo: Mauro PIMENTEL - AFP

Brazil tries to avoid climate bust up at COP30 summit

COP30 hosts Brazil will seek to land a compromise on Wednesday as some nations seek to put ambitious climate action and financial obligations on the summit agenda -- flashpoints that have stalled past negotiations.

Text size:

The United Nations summit narrowly avoided a so-called "agenda fight" at its Monday opening in Belem only because Brazil promised to hear these demands informally and broker an amenable solution.

Four divisive issues are being considered: trade, transparency and reporting measures, climate finance obligations, and efforts to slash heat-trapping pollution.

The latter two are the most sensitive, with rich countries unenthusiastic about reopening bitter fights over financial aid, and oil-producing giants against any focus on the role of fossil fuels in climate change.

Brazil is expected to reveal Wednesday whether it has been successful in finding a middle ground when it wraps up two days of backroom consultations in Belem.

The rotating hosts of these annual Conference of the Parties do not have decision-making power, but still play a crucial role in forging compromise.

Any decision at the COP summits must be reached by consensus among the 197 countries and the European Union that are members of the UN Framework Convention on Climate Change.

One close observer of the consultations told AFP that a few countries were "still not on board" but the dialogue had been "clearly constructive."

There is a growing sense that Brazil could be warming to the idea of a "cover decision" -- an overarching text, delivered at the COP's close, that provides space for articulating a compromised stance.

One diplomat attending Belem's closed-door discussions expects a "slightly more innovative" format where the specific proposals in question are considered on their own.

- Flashpoints -

The most incendiary of the four comes from the Alliance of Small Island States (AOSIS), which wants countries attending Belem to acknowledge their collective failure to keep global warming to safer levels.

Scientists say a temporary breach of 1.5 Celsius -- the lower limit of the Paris Climate Agreement's goal on global temperature rise -- is inevitable because nations have not cut planet-heating emissions fast enough to meet this target.

Other country blocs -- including the European Union and Latin American states -- support the push by AOSIS, whose members are some of the most threatened by rising seas.

Brazil's presidency had "finally found the courage to tackle this issue head-on," the diplomat told AFP.

This has agitated the Arab Group -- a collection of 22 nations including major petrostates -- which has criticised Brazil for opening this discussion, observers say.

The other major bone of contention is the provision by richer nations of financial support to help poorer ones cope with climate change.

The third issue concerns "unilateral" trade measures -- notably Europe's carbon border tax, which is fiercely opposed by China and India.

A fourth relates to an EU demand for greater transparency around how countries report key climate data.

(L.Kaufmann--BBZ)