COP30 draft text urges more funds for poorer countries, omits fossil fuels

"The draft, which must be approved by consensus by nearly 200 nations, pledges to review climate-related trade barriers and calls on developed nations to at least triple the money given to developing countries to help them withstand extreme weather events. It also urges all actors to work together to significantly accelerate and scale up climate action worldwide with the aim of keeping the 1.5 degrees Celsius (2.7 degrees Fahrenheit) mark for global warming an internationally agreed-upon target set under the Paris Agreement within reach."

"Wopke Hoekstra, the European Union's climate commissioner, said the outcome was a step in the right direction, but the bloc would have liked more. We're not going to hide the fact that we would have preferred to have more, to have more ambition on everything, Hoekstra told reporters. We should support it because at least it is going in the right direction, he said."

"Leaders welcome deal reached at UN climate summit as step forward but say more ambition' needed to tackle the crisis. World leaders have put forward a draft text at the United Nations climate conference in Brazil that seeks to address the crisis, but the agreement does not include any mention of phasing out the fossil fuels driving climate change."

World leaders presented a draft text at the United Nations COP30 climate conference in Belém, Brazil, after negotiations ran overnight amid deep divisions over fossil-fuel phase-out. The draft requires consensus from nearly 200 nations and pledges to review climate-related trade barriers while calling on developed countries to at least triple funding to help developing nations withstand extreme weather. The text urges accelerated, scaled-up global climate action to keep the 1.5°C target within reach but makes no reference to phasing out fossil fuels. European officials described the outcome as a modest step forward and stressed the need for greater ambition, while other delegates emphasized multilateral cooperation despite unmet expectations.

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