Berliner Boersenzeitung - COP30 deal under threat as nations clash over fossil fuels

EUR -
AED 4.343054
AFN 77.464136
ALL 96.578481
AMD 443.001294
ANG 2.116924
AOA 1084.432259
ARS 1696.425045
AUD 1.722632
AWG 2.13043
AZN 2.015092
BAM 1.955364
BBD 2.363473
BDT 143.548016
BGN 1.986001
BHD 0.442401
BIF 3475.425631
BMD 1.182587
BND 1.500966
BOB 8.109193
BRL 6.256361
BSD 1.173439
BTN 107.717999
BWP 16.277373
BYN 3.32206
BYR 23178.695489
BZD 2.360074
CAD 1.622687
CDF 2578.039008
CHF 0.922409
CLF 0.026073
CLP 1029.489324
CNY 8.24689
CNH 8.21806
COP 4228.657801
CRC 580.770597
CUC 1.182587
CUP 31.338542
CVE 110.240437
CZK 24.267271
DJF 208.973438
DKK 7.466899
DOP 73.933527
DZD 153.154875
EGP 55.703589
ERN 17.738798
ETB 182.791072
FJD 2.661179
FKP 0.870315
GBP 0.866681
GEL 3.18162
GGP 0.870315
GHS 12.79115
GIP 0.870315
GMD 86.329235
GNF 10278.709772
GTQ 9.006993
GYD 245.515296
HKD 9.221278
HNL 30.954103
HRK 7.533317
HTG 153.905708
HUF 382.153287
IDR 19840.785951
ILS 3.707232
IMP 0.870315
INR 108.316693
IQD 1537.357457
IRR 49816.456691
ISK 145.777895
JEP 0.870315
JMD 184.718842
JOD 0.838501
JPY 184.146504
KES 151.256298
KGS 103.416722
KHR 4722.947667
KMF 496.686746
KPW 1064.353704
KRW 1710.387141
KWD 0.362349
KYD 0.977982
KZT 590.738376
LAK 25359.349612
LBP 105085.885516
LKR 363.548997
LRD 217.091629
LSL 18.94048
LTL 3.491871
LVL 0.715335
LYD 7.466336
MAD 10.748905
MDL 19.97255
MGA 5308.817127
MKD 61.616271
MMK 2483.187819
MNT 4218.830116
MOP 9.4253
MRU 46.916546
MUR 54.292994
MVR 18.271409
MWK 2034.84661
MXN 20.533372
MYR 4.736855
MZN 75.57955
NAD 18.94048
NGN 1680.526824
NIO 43.180379
NOK 11.555294
NPR 172.348599
NZD 1.987207
OMR 0.454249
PAB 1.173539
PEN 3.936823
PGK 5.018882
PHP 69.733624
PKR 328.342141
PLN 4.208885
PYG 7847.251532
QAR 4.278347
RON 5.101724
RSD 117.373848
RUB 89.207823
RWF 1711.518652
SAR 4.433442
SBD 9.606873
SCR 16.856244
SDG 711.330129
SEK 10.584272
SGD 1.505082
SHP 0.887246
SLE 28.859447
SLL 24798.24684
SOS 669.450838
SRD 45.081425
STD 24477.153012
STN 24.494542
SVC 10.267712
SYP 13078.904017
SZL 18.935781
THB 36.920787
TJS 10.972155
TMT 4.139053
TND 3.416239
TOP 2.847384
TRY 51.246799
TTD 7.971224
TWD 37.116428
TZS 3004.130641
UAH 50.599026
UGX 4148.075755
USD 1.182587
UYU 44.440098
UZS 14242.826515
VES 416.584326
VND 31036.982812
VUV 141.661813
WST 3.258757
XAF 655.810877
XAG 0.011483
XAU 0.000237
XCD 3.196
XCG 2.114929
XDR 0.815618
XOF 655.810877
XPF 119.331742
YER 281.814608
ZAR 19.0597
ZMK 10644.701884
ZMW 23.02187
ZWL 380.792372
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -0.8100

    83.23

    -0.97%

  • NGG

    1.3200

    81.5

    +1.62%

  • VOD

    0.2300

    14.17

    +1.62%

  • RELX

    0.0600

    39.9

    +0.15%

  • CMSC

    0.1000

    23.75

    +0.42%

  • GSK

    0.5000

    49.15

    +1.02%

  • BCE

    0.4900

    25.2

    +1.94%

  • RYCEF

    0.3000

    17.12

    +1.75%

  • BTI

    0.9400

    59.16

    +1.59%

  • RIO

    3.1300

    90.43

    +3.46%

  • BP

    1.1000

    36.53

    +3.01%

  • JRI

    0.0100

    13.68

    +0.07%

  • CMSD

    0.0900

    24.13

    +0.37%

  • BCC

    -1.1800

    84.33

    -1.4%

  • AZN

    1.2600

    92.95

    +1.36%

COP30 deal under threat as nations clash over fossil fuels

COP30 deal under threat as nations clash over fossil fuels

The European Union warned Friday that the UN's climate talks could end without a deal as oil-producing nations were accused of blocking any mention of a roadmap to phase out fossil fuels.

Text size:

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

"What is now on the table is unacceptable. And given that we're so far away from where we should be, it's unfortunate to say, but we're really facing a no-deal scenario," European Union climate commissioner Wopke Hoekstra told reporters.

More than 30 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 fossil fuels.

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 a deal on fossil fuels.

German Environment Minister Carsten Schneider said the latest draft "cannot remain as it is" and warned that "negotiations will be tough", with only hours to go before COP30 officially ends.

Colombia's Environment Minister Irene Velez Torres on Friday said COP30 "cannot end" without a fossil fuel roadmap.

"We have the moral responsibility to echo the people's demands for climate justice and for the elimination of fossil fuels," she said.

Consensus is needed among the nearly 200 nations at the UN climate talks to land an agreement.

NGOs also rejected the draft deal, with Greenpeace urging nations to send it back to the Brazilian chair for revisions.

"Hopes were raised by initial proposals for roadmaps both to end deforestation and fossil fuels... but these roadmaps have disappeared," said Greenpeace climate politics expert Tracy Carty.

- Money fight -

Divisions remain not just over fossil fuels but trade measures and finance for poorer nations to adapt to climate change and move to a low-carbon future.

"The lack of finance from richer nations... remains an ongoing obstacle in these final days to securing bold and fair outcomes," Rachel Cleetus, senior policy director at the Union of Concerned Scientists, told AFP.

 

The EU is also fighting resistance led by China and India to its "carbon tax" on imports such as steel, aluminum, cement and fertilizers -- measures Britain and Canada are also preparing to adopt.

Bronwen Tucker, public finance lead at advocacy group Oil Change International, called the latest draft text "outrageous."

"The Presidency has presented a shamefully weak text that fails to mention fossil fuels, fails to deliver accountability towards rich countries' finance obligations, and only makes vague promises on adaptation," Tucker said.

Negotiations toward a final outcome were delayed on Thursday when a fire torched a hole through the fabric ceiling of the COP30 venue, forcing a panicked evacuation.

Nineteen people were treated for smoke inhalation and two for anxiety attacks, officials said. The venue reopened later on Thursday night.

The conference is supposed to end on Friday but UN climate summits often run into overtime.

- Protests -

Lula has branded COP30 the "COP of truth," investing significant political capital in its success and defending his choice to hold it in Belem, despite concerns over inadequate infrastructure that have plagued the hot, humid city on the edge of the world's largest rainforest.

The fire was the third major incident since the summit began at the COP30 compound.

Last week, Indigenous protesters stormed the venue and blockaded the entrance days later in a peaceful demonstration.

The cause of the blaze was being investigated but may have been the result of a short circuit or other electrical malfunction, said Brazilian Tourism Minister Celso Sabino.

(G.Gruner--BBZ)