COP30: High stakes for energy and climate on final day
Countries are engaged in last-minute negotiations to finalise a global agreement, primarily focusing on the future of fossil fuels and climate finance. The primary expected outcome is the adoption of the final “Belém Political Package” of decisions by consensus during the closing plenaries scheduled for the evening. The most contentious issue is the inclusion of a clear roadmap to transition away from fossil fuels. The latest draft texts from the Brazilian Presidency have been criticised for omitting any mention of a fossil fuel transition roadmap, leading to strong opposition from many nations. Major oil and gas consumers like China, India, and Saudi Arabia have reportedly resisted strong language on phasing out fossil fuels. But progress has been made, and around 83 countries have supported the call to end them. Climate advocates believe stricter measures are inevitable after COP28 closed with… Read More »COP30: High stakes for energy and climate on final day