The COP30 climate talks in Brazil have reached a tentative deal after negotiators resolved a protracted standoff over action to cut greenhouse gas emissions and provide climate finance.
The two-week conference had been scheduled to end on Friday but dragged into overtime.
A draft deal issued on Saturday showed countries had agreed on steps to help speed up climate action, review related trade barriers, and triple the money given to developing countries to help them withstand extreme weather events.
The European Union’s climate commissioner, Wopke Hoekstra, said on Saturday that the proposed accord was acceptable, even though the bloc would have liked more.
“We should support it because at least it is going in the right direction,” he said.
COP30 President Andre Correa do Lago said on Saturday that the presidency would publish a side text on fossil fuels as well as on protecting forests – instead of adding them to the official agreement – as there had been no consensus on these issues at the global climate talks.
“I will announce that the Brazilian presidency will do the two ‘roadmaps’ because visibly we did not have maturity to reach consensus. I believe if we do it under the presidency we will have results,” he said.
The decision to triple climate finance by 2035, meanwhile, will be part of the COP30 agreement, resolving a key demand from poorer nations struggling to cope with climate impacts.
