Berliner Boersenzeitung - Brazil's Lula hunts for deal at Amazon climate summit

EUR -
AED 4.228054
AFN 74.833174
ALL 93.364555
AMD 421.565177
AOA 1055.720532
ARS 1720.29465
AUD 1.644322
AWG 2.075175
AZN 1.93458
BAM 1.956524
BBD 2.321559
BDT 142.332678
BHD 0.434661
BIF 3410.162114
BMD 1.151276
BND 1.478247
BOB 14.033194
BRL 5.876107
BSD 1.152627
BTN 109.836651
BWP 15.676802
BYN 3.369447
BYR 22565.011394
BZD 2.318258
CAD 1.616823
CDF 2604.186139
CHF 0.932539
CLF 0.026975
CLP 1065.114926
CNY 7.774106
CNH 7.779345
COP 3734.601488
CRC 523.593784
CUC 1.151276
CUP 30.508816
CVE 110.305825
CZK 24.210243
DJF 205.255966
DKK 7.476495
DOP 66.864747
DZD 153.095548
EGP 57.700579
ERN 17.269141
ETB 186.044056
FJD 2.553418
FKP 0.853954
GBP 0.857338
GEL 3.004992
GGP 0.853954
GHS 13.468985
GIP 0.853954
GMD 85.19465
GNF 10121.746096
GTQ 8.794446
GYD 241.529391
HKD 9.028595
HNL 30.895435
HRK 7.537984
HTG 150.705777
HUF 364.154961
IDR 20689.697769
ILS 3.504064
IMP 0.853954
INR 109.753395
IQD 1509.958841
IRR 1583292.445177
ISK 142.021308
JEP 0.853954
JMD 182.587576
JOD 0.816268
JPY 181.256644
KES 148.940984
KGS 100.678981
KHR 4657.723841
KMF 492.746197
KRW 1648.419913
KWD 0.356389
KYD 0.960556
KZT 546.772362
LAK 26069.648473
LBP 103224.003586
LKR 387.003231
LRD 208.057003
LSL 19.009736
LTL 3.399419
LVL 0.696395
LYD 7.346719
MAD 10.747378
MDL 20.125449
MGA 4909.817141
MKD 61.547779
MMK 2417.315001
MNT 4137.143512
MOP 9.310646
MRU 46.164085
MUR 54.040305
MVR 17.787481
MWK 1998.739741
MXN 19.945516
MYR 4.71906
MZN 73.567165
NAD 19.009736
NGN 1570.190972
NIO 42.415698
NOK 10.977766
NPR 175.739042
NZD 1.961976
OMR 0.442682
PAB 1.152627
PEN 3.893041
PGK 5.086883
PHP 70.146828
PKR 320.062556
PLN 4.312772
PYG 6875.544665
QAR 4.201955
RON 5.246941
RSD 117.390701
RUB 92.562984
RWF 1690.325596
SAR 4.309375
SBD 9.292129
SCR 15.452692
SDG 690.765342
SEK 11.010401
SGD 1.476615
SLE 28.148317
SOS 658.743804
SRD 43.525146
STD 23829.090678
STN 24.509071
SVC 10.085733
SZL 19.013037
THB 38.463672
TJS 10.64474
TMT 4.029466
TND 3.382425
TRY 54.748357
TTD 7.815893
TWD 37.313999
TZS 3049.72806
UAH 51.703936
UGX 4313.596478
USD 1.151276
UYU 46.358164
UZS 13820.114876
VES 860.983443
VND 30263.594618
VUV 137.059598
WST 3.148154
XAF 656.199862
XAG 0.019721
XAU 0.000283
XCD 3.111381
XCG 2.077369
XDR 0.816102
XOF 656.199862
XPF 119.331742
YER 274.461274
ZAR 19.019311
ZMK 10362.854282
ZMW 21.662017
ZWL 370.710432
  • RBGPF

    -3.2100

    66

    -4.86%

  • CMSC

    -0.0800

    21.76

    -0.37%

  • CMSD

    -0.0900

    22.02

    -0.41%

  • GSK

    -0.1800

    51.51

    -0.35%

  • RYCEF

    0.7000

    20.2

    +3.47%

  • BTI

    -1.0900

    59.56

    -1.83%

  • NGG

    -0.1100

    79.86

    -0.14%

  • VOD

    -0.1700

    15.61

    -1.09%

  • RIO

    -0.9500

    95.9

    -0.99%

  • RELX

    0.7400

    36.16

    +2.05%

  • BCE

    0.1100

    21.79

    +0.5%

  • BCC

    6.6500

    83.03

    +8.01%

  • JRI

    -0.1400

    12.82

    -1.09%

  • AZN

    -11.6700

    157.97

    -7.39%

  • BP

    -0.9600

    44.26

    -2.17%

Brazil's Lula hunts for deal at Amazon climate summit

Brazil's Lula hunts for deal at Amazon climate summit

Brazilian President Luiz Inacio Lula da Silva hit the corridors of COP30 in Belem on Wednesday, in a push to land a deal at the UN climate talks as nations remained divided over contentious issues.

Text size:

Lula flew into the Amazonian city to bring the weight of the presidency to the talks, in a rare late-stage visit by a head of state or government at the annual gathering.

COP30 host Brazil released a draft pact on Tuesday and pushed negotiators to work through the night, hoping to get nations to agree on the most disputed points as soon as Wednesday -- two days before the conference is scheduled to end.

Lula, who has invested political capital into making what he dubbed the "COP of truth" a success, shuttled between rooms to meet with ministers of various negotiating groups.

"His willingness to make time in his busy schedule to give new momentum to the COP is tremendously important," EU climate commissioner Wopke Hoekstra said in a statement after meeting with Lula.

But as the day progressed, a deal had yet to materialize.

The disagreements center on the impact of trade measures, language on transitioning away from fossil fuels, and demands for developed countries to provide more climate finance to poorer nations.

French ecological transition minister Monique Barbut knocked back Brazilian hopes of securing a deal as soon as Wednesday.

"No, there will not be a COP decision today. I don't see how that could happen," Barbut told AFP.

"However, yes, there is a little bit of movement. But we are still far from the mark because for us, it must be a comprehensive package," Barbut said after a coordination meeting with European colleagues.

She added, however, that she was "more optimistic" than she was the day before.

- No more money -

The draft underscores the gulf between a broad coalition of more than 80 countries pushing for a "roadmap" on phasing out fossil fuels and an opposing bloc led by oil-producing countries.

"Whether we're going to call it the roadmap or we're going to use a different wording, I think is secondary. But once again, we very much like the idea," Hoekstra said at a news conference.

Further complicating matters, there are visible cracks on the Brazilians' front.

The idea of a roadmap, pushed by Lula himself, was never taken up by the summit's president -- led by diplomats who are seen by observers as close to business circles, and under pressure from nations that do not want it brought up.

Negotiators are also at loggerheads over pressure from the developing world for developed countries to provide more finance to help vulnerable nations adapt to climate change and deploy renewable energy.

The COP29 summit in Baku last year concluded with developed nations agreeing to provide $300 billion a year in climate finance, a figure criticized by developing countries as woefully insufficient.

The EU, where many countries are facing economic headwinds and soaring debt, has led opposition to demands for more money.

"We're not looking at any increases in adaptation finance," Irish climate minister Darragh O'Brien said.

The EU is also fighting any attempt to have language against its tax on imports of carbon-intensive goods such as steel, aluminum, cement and fertilizers.

China has called for the removal of what it calls "trade barriers."

"There should be at least a mention (of trade measures), because they become a disabler instead of an enabler. So, I think they will be mentioned in some way," Mexican environment minister Alicia Barcena told AFP.

A new text is expected to be published on Wednesday.

COP30 is due to end on Friday, but climate summits regularly run into overtime.

In a sign that Brazil wants to stay on schedule, delegates sleeping on two cruise ships serving as floating hotels have been told to vacate their cabins on Saturday morning.

(S.G.Stein--BBZ)