COP 30 Outcomes: Expanding Climate Finance and Developing a Clean Energy Transition Plan

Итоги КС-30: расширение климатического финансирования и разработка плана по переходу к чистой энергии

Activists at KS-30. COP30 results: expanding climate finance and developing a plan for the transition to clean energy Climate and Environment

At the 30th Conference of the Parties to the UN Framework Convention on Climate Change (COP30) in Belém, Brazil, after intense negotiations that were due to end the day before, the countries agreed on Saturday to a broad package of measures to increase climate finance and accelerate implementation of the goals of the Paris Agreement – but without clear commitments to divest from fossil fuels fuel.

What delegates agreed on?

  • Expanding finance: mobilize $1.3 trillion annually by 2035 for climate action, with developed countries taking the lead countries.
  • Adaptation support: double adaptation funding by 2025 and triple by 2035.
  • Loss and Damage Fund: operations and replenishment processes confirmed.
  • New initiatives: launch of Global Implementation Accelerator and Belém Limitation Mission warming within 1.5 degrees Celsius, which will help countries achieve their climate plans.
  • Climate disinformation: a commitment to promote accurate information and counter false information narratives.

The agreed decisions emphasized global solidarity and set ambitious financial goals, but the transition to clean energy remained outside the final text. The combustion of fossil fuels leads to greenhouse gas emissions, which are the main factor in global warming. The omission is a concern for many countries, including South American and EU negotiators, as well as civil society groups.

The UN recently warned that record increases in greenhouse gases in the coming years will make it nearly impossible to keep global warming to 1.5 degrees without temporarily exceeding the Paris Agreement target.

Two new ones road maps

At the final meeting, COP-30 President André Correa do Lago emphasized the presence of omissions in the final document.

60~p>“We know that some of you would like more ambitious solutions on a number of issues,” he said. “I know that young people and civil society will demand more from us in the fight against climate change. I promise that I will try not to disappoint you during my chairmanship.”

Du Lago announced plans to create two roadmaps: one on the protection and restoration of forests, and the other on a just, orderly and equitable transition from fossil fuels, including resource mobilization for these purposes.

The path to consensus

The path to agreement at COP-30 was far from smooth. Earlier this week, indigenous groups blocked access to meeting rooms to demand stronger protection for the Amazon, and late Thursday a fire in the main conference room disrupted the final stages of deliberations. 

Negotiators worked through the night Friday to overcome differences over funding and goals, with Brazil’s presidency steering discussions toward a politically acceptable outcome focused on upholding and implementing agreements from previous COPs.

Work continues

United Nations Secretary-General Antonio Guterres said the agreement demonstrates that countries can still come together on a solution challenges that cannot be tackled alone.

The UN chief, who is at the G20 summit in Johannesburg, noted progress at COP30, including the launch of the Global Implementation Accelerator to support climate ambitions and the reaffirmation of agreements reached at COP28 in the UAE to divest from fossil fuels fuel.

“But the Constitutional Courts are built on consensus, and in conditions of geopolitical disagreements it becomes increasingly difficult to achieve. “I can’t say that KS-30 achieved everything that was needed,” he said. Thus, warming exceeding 1.5 degrees Celsius is an alarming signal: large-scale and rapid measures to reduce emissions and expanded financing for climate action are needed. solidarity.

“To everyone who marched, negotiated, advised, covered events and mobilized people: don’t give up. History is on your side—and so is the United Nations,” he said.

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