Cop30 live: Deal agreed at Cop after long negotiations

The Guardian
The Guardian
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COP30 concluded with a deal after prolonged discussions, highlighting the challenges of global climate cooperation. Key outcomes include increased funding for adaptation and roadmaps for deforestation and fossil fuel transition.
Cop30 live: Deal agreed at Cop after long negotiations
A What happened
COP30 has concluded with a significant agreement after a series of intense negotiations that nearly led to its collapse. The deal showcases the ability of 194 nations to cooperate on climate issues, even amid geopolitical tensions. A major outcome is the commitment to triple funding for climate adaptation, although the target of $120 billion annually has been postponed to 2035. The final text notably omitted any mention of fossil fuels, a point of contention among many nations. Brazil has taken the lead in proposing roadmaps for both deforestation and fossil fuel transition, supported by around 90 other countries. However, these initiatives are not part of the formal UN process. The agreement also includes a Just Transition Mechanism aimed at ensuring equitable shifts to a green economy. Despite these steps, many nations expressed dissatisfaction with the outcomes, particularly regarding the urgency of climate action and the rights of Indigenous peoples.

Key insights

  • 1

    Increased adaptation funding

    Funding for climate adaptation has been tripled, but the timeline has been extended to 2035.

  • 2

    Fossil fuels excluded

    The final agreement did not address fossil fuel transitions, disappointing many advocates.

  • 3

    Roadmaps proposed

    Brazil announced plans for roadmaps to end deforestation and phase out fossil fuels.

  • 4

    Just Transition Mechanism

    A plan was agreed to ensure fair transitions to a green economy for all communities.

Takeaways

While COP30 achieved a deal amidst significant challenges, the lack of concrete measures on fossil fuels and the delayed funding timeline raise concerns about the effectiveness of global climate action moving forward.

Topics

Policy & Regulation International Affairs Climate Change