Berliner Boersenzeitung - Lula pushes fossil fuel 'roadmap' back to center of COP30

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%

  • BCC

    -1.1800

    84.33

    -1.4%

  • GSK

    0.5000

    49.15

    +1.02%

  • CMSC

    0.1000

    23.75

    +0.42%

  • RELX

    0.0600

    39.9

    +0.15%

  • 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%

  • CMSD

    0.0900

    24.13

    +0.37%

  • AZN

    1.2600

    92.95

    +1.36%

  • JRI

    0.0100

    13.68

    +0.07%

  • VOD

    0.2300

    14.17

    +1.62%

  • BP

    1.1000

    36.53

    +3.01%

Lula pushes fossil fuel 'roadmap' back to center of COP30
Lula pushes fossil fuel 'roadmap' back to center of COP30 / Photo: Pablo PORCIUNCULA - AFP/File

Lula pushes fossil fuel 'roadmap' back to center of COP30

Brazilian President Luiz Inacio Lula da Silva put his "roadmap" from fossil fuels back at the top of UN climate talks on Wednesday, despite failing in a bold bid to seal an early deal.

Text size:

Lula flew into the Amazonian city to bring the weight of the presidency to the summit, 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.

The leftist leader first floated the idea of a "roadmap" away from oil, coal and gas earlier this month, setting the summit's ambitious tone.

He returned to the theme Wednesday night, while signaling some willingness to compromise.

"We need to show society that we want this without imposing anything on anyone, without setting deadlines for each country to decide what it can do within its own time, within its own possibilities," he said.

"But we are serious -- we need to reduce greenhouse gas emissions. We need to start thinking about how to live without fossil fuels."

Still, much work remains to reach consensus, not only on fossil fuels, but also trade measures and demands for developed countries to provide more climate financing to poorer nations.

"There is a little bit of movement. But we are still far from the mark because for us, it must be a comprehensive package," French ecological transition minister Monique Barbut told AFP 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 underscored the gulf between a broad coalition of more than 80 countries pushing for the "roadmap" and an opposing bloc led by oil-producing countries.

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

The idea of a roadmap was never taken up by the summit's president -- led by Brazilian 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 odds with pressure from the developing world for developed countries to provide more financing 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 the 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 attempts led by China and major developing economies to have language against its tax on imports of carbon-intensive goods such as steel, aluminum, cement and fertilizers.

- Grants, not loans -

"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.

Aisha Humera Moriani, Pakistan's head of delegation, told AFP that "it's extremely important that we find something on the operationalization of that $300 billion."

She added that most of the funding should boost climate-vulnerable countries' resilience to extreme weather and a larger share needs to come as grants, rather than loans that further burden poor nations with debt.

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.

(K.Müller--BBZ)