Berliner Boersenzeitung - UN climate talks deadlocked as EU pushes fossil-fuel phaseout

EUR -
AED 4.279356
AFN 77.342596
ALL 96.588267
AMD 445.245914
ANG 2.085849
AOA 1068.528103
ARS 1684.920478
AUD 1.758327
AWG 2.098895
AZN 2.000098
BAM 1.955554
BBD 2.352214
BDT 142.892029
BGN 1.955743
BHD 0.439286
BIF 3450.584485
BMD 1.165243
BND 1.512462
BOB 8.069985
BRL 6.188594
BSD 1.167858
BTN 104.909256
BWP 15.515982
BYN 3.380989
BYR 22838.771667
BZD 2.348815
CAD 1.624915
CDF 2598.493062
CHF 0.936046
CLF 0.027259
CLP 1069.37901
CNY 8.240193
CNH 8.235265
COP 4424.417736
CRC 572.625526
CUC 1.165243
CUP 30.878951
CVE 110.251134
CZK 24.189639
DJF 207.974736
DKK 7.468849
DOP 74.210348
DZD 151.576082
EGP 55.433829
ERN 17.478652
ETB 182.104716
FJD 2.635811
FKP 0.874078
GBP 0.872977
GEL 3.147734
GGP 0.874078
GHS 13.303327
GIP 0.874078
GMD 85.062585
GNF 10148.115621
GTQ 8.945913
GYD 244.339271
HKD 9.070704
HNL 30.750001
HRK 7.530381
HTG 152.976012
HUF 382.036136
IDR 19419.364756
ILS 3.765047
IMP 0.874078
INR 104.87832
IQD 1529.914154
IRR 49085.880544
ISK 149.011092
JEP 0.874078
JMD 187.165658
JOD 0.826133
JPY 180.489235
KES 150.723926
KGS 101.900195
KHR 4677.552222
KMF 491.733124
KPW 1048.710785
KRW 1714.28866
KWD 0.357567
KYD 0.973282
KZT 590.298294
LAK 25334.922447
LBP 104583.895701
LKR 360.496209
LRD 206.13496
LSL 19.825192
LTL 3.440661
LVL 0.704844
LYD 6.348229
MAD 10.775645
MDL 19.865587
MGA 5194.324444
MKD 61.632249
MMK 2446.898083
MNT 4137.528116
MOP 9.363463
MRU 46.272982
MUR 53.682574
MVR 17.956659
MWK 2025.136618
MXN 21.224828
MYR 4.788568
MZN 74.461422
NAD 19.825192
NGN 1689.89492
NIO 42.97607
NOK 11.773968
NPR 167.85317
NZD 2.018942
OMR 0.448036
PAB 1.167953
PEN 3.927406
PGK 4.953526
PHP 68.743516
PKR 329.927022
PLN 4.228238
PYG 8099.016174
QAR 4.268663
RON 5.09165
RSD 117.397105
RUB 88.493403
RWF 1699.278998
SAR 4.373004
SBD 9.582756
SCR 15.836503
SDG 700.891918
SEK 10.96772
SGD 1.509221
SHP 0.874234
SLE 26.800929
SLL 24434.570407
SOS 666.313342
SRD 45.029085
STD 24118.186847
STN 24.497865
SVC 10.218759
SYP 12883.973776
SZL 19.819422
THB 37.148464
TJS 10.732896
TMT 4.078352
TND 3.428084
TOP 2.805627
TRY 49.555241
TTD 7.918038
TWD 36.421782
TZS 2843.194009
UAH 49.242196
UGX 4140.47927
USD 1.165243
UYU 45.754442
UZS 13912.250317
VES 289.663092
VND 30718.730513
VUV 142.29241
WST 3.263056
XAF 655.8717
XAG 0.020092
XAU 0.000276
XCD 3.149128
XCG 2.104844
XDR 0.815694
XOF 655.877327
XPF 119.331742
YER 277.795391
ZAR 19.73052
ZMK 10488.581818
ZMW 26.831741
ZWL 375.207916
  • RBGPF

    0.0000

    78.35

    0%

  • CMSC

    0.0400

    23.48

    +0.17%

  • RYCEF

    0.4600

    14.67

    +3.14%

  • RIO

    -0.5500

    73.73

    -0.75%

  • RELX

    0.3500

    40.54

    +0.86%

  • NGG

    -0.5800

    75.91

    -0.76%

  • AZN

    -0.8200

    90.03

    -0.91%

  • VOD

    0.0500

    12.64

    +0.4%

  • GSK

    -0.4000

    48.57

    -0.82%

  • CMSD

    -0.0300

    23.32

    -0.13%

  • SCS

    -0.1200

    16.23

    -0.74%

  • BCC

    -2.3000

    74.26

    -3.1%

  • BP

    -0.0100

    37.23

    -0.03%

  • BTI

    0.5300

    58.04

    +0.91%

  • JRI

    0.0500

    13.75

    +0.36%

  • BCE

    0.0400

    23.22

    +0.17%

UN climate talks deadlocked as EU pushes fossil-fuel phaseout
UN climate talks deadlocked as EU pushes fossil-fuel phaseout / Photo: Pablo PORCIUNCULA - AFP/File

UN climate talks deadlocked as EU pushes fossil-fuel phaseout

The UN's COP30 climate talks spilled into overtime on Saturday, with the European Union in a standoff with oil producers and emerging countries over its push for a renewed commitment to a fossil-fuel phaseout.

Text size:

A closing plenary was scheduled for 1300 GMT in the Brazilian Amazon city of Belem, even as nations remained deadlocked after two weeks of negotiations that were supposed to end on Friday.

The EU warned that the summit could finish without a deal after host Brazil released a draft agreement on Friday that made no mention of "fossil fuels" or a "roadmap" that President Luiz Inacio Lula da Silva had himself publicly championed.

After negotiating through the night, EU ministers were meeting on Saturday, but French ecological transition minister Monique Barbut said things were going "nowhere so far."

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.

But a member of an EU delegation told AFP that the 27-nation bloc was "isolated" and cast as the "villains" at the talks.

Some EU states were weighing a walkout, the delegate added, while others feared being blamed if the talks collapsed.

Barbut has accused oil-rich Saudi Arabia and Russia, along with coal producer India and "many" other emerging countries, of refusing language on a fossil-fuel phaseout.

The push to phase out 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.

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 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 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 annual meeting has been chaotic, with Indigenous protesters blocking its entrance last week and negotiations disrupted by a fire inside the venue on Thursday.

Developing nations, meanwhile, are pushing the the EU and other developed economies to pledge more money to help them adapt to the impact of climate change, such as floods and droughts, and move toward 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 has also rejected language on trade in the text.

China, India and other allied countries want COP30 to adopt a decision against trade "barriers" -- a dig at the EU's Carbon Border Adjustment Mechanism (CBAM).

CBAM, which will become fully operational next year, targets imports of carbon-intensive goods such as steel, aluminum, cement, fertilizers, electricity and hydrogen.

(A.Lehmann--BBZ)