Dubai Telegraph - Brazil tries to avoid climate bust up at COP30 summit

EUR -
AED 4.218957
AFN 74.661225
ALL 91.582971
AMD 417.457719
ANG 2.056463
AOA 1054.440663
ARS 1743.614232
AUD 1.610725
AWG 2.06753
AZN 1.957227
BAM 1.958584
BBD 2.314189
BDT 141.100567
BGN 1.933647
BHD 0.43308
BIF 3445.883141
BMD 1.148628
BND 1.468274
BOB 11.289342
BRL 5.906291
BSD 1.149053
BTN 110.098541
BWP 15.582625
BYN 3.475741
BYR 22513.103189
BZD 2.310945
CAD 1.607792
CDF 2654.479062
CHF 0.944284
CLF 0.027911
CLP 1102.062801
CNY 7.693107
CNH 7.700293
COP 3657.609688
CRC 514.039631
CUC 1.148628
CUP 30.438634
CVE 110.55587
CZK 24.347696
DJF 204.134569
DKK 7.475389
DOP 67.81758
DZD 153.643935
EGP 60.011386
ERN 17.229416
ETB 187.686889
FJD 2.545249
FKP 0.860671
GBP 0.857505
GEL 2.990867
GGP 0.860671
GHS 13.237162
GIP 0.860671
GMD 84.42856
GNF 10101.666796
GTQ 8.768617
GYD 240.39904
HKD 9.011042
HNL 30.845651
HRK 7.534658
HTG 150.176082
HUF 364.287725
IDR 20459.4717
ILS 3.487958
IMP 0.860671
INR 110.252582
IQD 1505.265866
IRR 1578903.655694
ISK 139.202636
JEP 0.860671
JMD 181.437904
JOD 0.814422
JPY 180.197158
KES 148.759217
KGS 100.447935
KHR 4656.761237
KMF 491.613064
KPW 1033.765308
KRW 1592.044397
KWD 0.353962
KYD 0.95759
KZT 513.710212
LAK 25757.976881
LBP 102859.612165
LKR 380.330553
LRD 198.788625
LSL 18.680779
LTL 3.391599
LVL 0.694794
LYD 7.294223
MAD 10.886907
MDL 20.194321
MGA 4981.210628
MKD 61.619198
MMK 2411.765202
MNT 4134.326493
MOP 9.2846
MRU 46.225512
MUR 54.640655
MVR 17.746733
MWK 1992.492937
MXN 19.78965
MYR 4.690656
MZN 73.40923
NAD 18.680942
NGN 1529.662418
NIO 42.280099
NOK 10.809019
NPR 176.162473
NZD 2.008793
OMR 0.442789
PAB 1.149063
PEN 3.877412
PGK 5.114426
PHP 72.2606
PKR 318.484727
PLN 4.363465
PYG 6811.860614
QAR 4.19998
RON 5.263476
RSD 117.119869
RUB 96.935341
RWF 1687.950767
SAR 4.280492
SBD 9.18961
SCR 16.157873
SDG 690.903792
SEK 11.290555
SGD 1.465768
SHP 0.858627
SLE 28.314099
SLL 24086.139517
SOS 656.64482
SRD 43.585257
STD 23774.274604
STN 24.535303
SVC 10.054598
SYP 14934.457826
SZL 18.674871
THB 38.295672
TJS 10.59989
TMT 4.031683
TND 3.380004
TOP 2.76562
TRY 56.015171
TTD 7.800223
TWD 36.503811
TZS 3043.85889
UAH 51.337638
UGX 4532.442628
USD 1.148628
UYU 46.207089
UZS 13604.57507
VES 973.444877
VND 29889.590367
VUV 135.872884
WST 3.164265
XAF 655.957
XAG 0.01734
XAU 0.000262
XCD 3.104224
XCG 2.070844
XDR 0.812139
XOF 655.957
XPF 119.331742
YER 271.708303
ZAR 18.687948
ZMK 10339.031894
ZMW 22.584693
ZWL 369.857655
SSP 6505.853316
MXV 2.243593
  • RBGPF

    -1.6900

    68.3

    -2.47%

  • RYCEF

    0.7100

    20

    +3.55%

  • CMSC

    0.0400

    20.71

    +0.19%

  • RIO

    -0.6700

    97.37

    -0.69%

  • GSK

    -0.8400

    50.22

    -1.67%

  • BTI

    -0.1900

    55.83

    -0.34%

  • AZN

    -0.0600

    166.08

    -0.04%

  • NGG

    -0.8000

    76.8

    -1.04%

  • BCE

    -0.2200

    22.06

    -1%

  • BCC

    0.1600

    75.69

    +0.21%

  • VOD

    -0.5700

    16.95

    -3.36%

  • RELX

    -0.9700

    33.41

    -2.9%

  • BP

    -0.8400

    44.58

    -1.88%

  • CMSD

    0.0000

    20.45

    0%

  • JRI

    -0.0600

    11.55

    -0.52%

Brazil tries to avoid climate bust up at COP30 summit
Brazil tries to avoid climate bust up at COP30 summit / Photo: Mauro PIMENTEL - AFP

Brazil tries to avoid climate bust up at COP30 summit

COP30 hosts Brazil will seek to land a compromise on Wednesday as some nations seek to put ambitious climate action and financial obligations on the summit agenda -- flashpoints that have stalled past negotiations.

Text size:

The United Nations summit narrowly avoided a so-called "agenda fight" at its Monday opening in Belem only because Brazil promised to hear these demands informally and broker an amenable solution.

Four divisive issues are being considered: trade, transparency and reporting measures, climate finance obligations, and efforts to slash heat-trapping pollution.

The latter two are the most sensitive, with rich countries unenthusiastic about reopening bitter fights over financial aid, and oil-producing giants against any focus on the role of fossil fuels in climate change.

Brazil is expected to reveal Wednesday whether it has been successful in finding a middle ground when it wraps up two days of backroom consultations in Belem.

The rotating hosts of these annual Conference of the Parties do not have decision-making power, but still play a crucial role in forging compromise.

Any decision at the COP summits must be reached by consensus among the 197 countries and the European Union that are members of the UN Framework Convention on Climate Change.

One close observer of the consultations told AFP that a few countries were "still not on board" but the dialogue had been "clearly constructive."

There is a growing sense that Brazil could be warming to the idea of a "cover decision" -- an overarching text, delivered at the COP's close, that provides space for articulating a compromised stance.

One diplomat attending Belem's closed-door discussions expects a "slightly more innovative" format where the specific proposals in question are considered on their own.

- Flashpoints -

The most incendiary of the four comes from the Alliance of Small Island States (AOSIS), which wants countries attending Belem to acknowledge their collective failure to keep global warming to safer levels.

Scientists say a temporary breach of 1.5 Celsius -- the lower limit of the Paris Climate Agreement's goal on global temperature rise -- is inevitable because nations have not cut planet-heating emissions fast enough to meet this target.

Other country blocs -- including the European Union and Latin American states -- support the push by AOSIS, whose members are some of the most threatened by rising seas.

Brazil's presidency had "finally found the courage to tackle this issue head-on," the diplomat told AFP.

This has agitated the Arab Group -- a collection of 22 nations including major petrostates -- which has criticised Brazil for opening this discussion, observers say.

The other major bone of contention is the provision by richer nations of financial support to help poorer ones cope with climate change.

The third issue concerns "unilateral" trade measures -- notably Europe's carbon border tax, which is fiercely opposed by China and India.

A fourth relates to an EU demand for greater transparency around how countries report key climate data.

Y.I.Hashem--DT