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A new draft agreement was released in cop30 climate Any reference to a global plan to walk away from the summit has been omitted. fossil fuelThe divide is deepening at a key moment in the talks set to end this weekend.
Proposals included in an earlier draft to develop a roadmap for changes to the text published before dawn in Belém, Brazil have been abandoned. Oil, gas And Coal – an issue that is central to the UN climate talks.
Dozens of countries, including Germany, Kenya and a coalition of climate-sensitive island states, had pledged to follow through on a pledge to “move away from fossil fuels” at Cop28 in Dubai in 2023.
Saudi Arabia and other oil-producing countries have been resisting any new agreement on the subject in recent years, and Reuters quoted some negotiators as saying the oil producers were pushing back this year as well.
Unanimity is still needed to adopt the draft text. Talks on language will continue on Friday before a consensus is reached.
Summit host Brazil held discussions with key negotiating groups on Thursday.
However, the talks were put on hold for a while a fire broke out In the pavilion area of the venue, people were prompted for evacuation.
The latest draft offers progress in other areas, including a call to triple global climate adaptation finance by 2030 from 2025 levels. But it does not specify whether funding should come from wealthy governments, multilateral banks or private capital – a distinction that may be of concern to developing countries, who argue that public funding should remain at the core of adaptation support.
Investments such as heat-resilient infrastructure, cyclone-resistant housing and early warning systems are typically life-saving, but generate very low financial returns, limiting their appeal to private investors.
The text would also establish a formal “dialogue” on trade at the next three COP summits, involving governments and bodies including the WTO. This meets long-standing demands of many countries, including China, that climate discussions integrate trade concerns.
It is expected to face resistance from the EU, as the debate often focuses on the bloc’s carbon border levy – which has been criticized by South Africa and India, which argue the measure punishes developing economies.
With only hours left before the scheduled conclusion, negotiators face a limited window to resolve some of the summit’s most politically significant questions. However, like previous COPs, talks could extend into the weekend if countries fail to reach consensus.