The two-week COP30 summit in Belem, Brazil, scheduled to conclude on 21 November, ran into overtime early on 22 November as negotiators struggled to bridge divides over fossil fuels and climate finance.
“This cannot be an agenda that divides us. We must reach an agreement between us,” said COP30 President Andre Correa do Lago, calling delegates back to negotiations late into the night.
Tensions flared over language on phasing out oil, coal and gas. The European Union pushed for stronger commitments to curb greenhouse gas emissions, while several emerging economies demanded more clarity on finance packages to help vulnerable nations adapt to climate impacts.
In closed-door discussions, negotiators from developing countries insisted that any pathway toward a fossil fuel phaseout be matched by a robust increase in climate finance. A draft text calling for a “manyfold increase” in support and a tripling of adaptation finance by 2030 compared with 2025 levels was rejected by some key players.
Observers say the summit in the heart of the Amazon highlights the high stakes: forging a global roadmap for transitioning to low-carbon economies while ensuring that poorer nations receive the funding they need to cope with floods, droughts and other extreme weather events.
As talks stretch into the weekend, the world watches to see if COP30 can deliver a deal that balances ambition on emissions cuts with solidarity on finance. An agreement here could set the tone for future climate action and determine the speed of the global energy transition.
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COP30 climate summit runs overtime, president urges agreement
cgtn.com
