Dubai Telegraph - Trees, targets and trillions: what's on the agenda at COP30?

EUR -
AED 4.184248
AFN 71.77911
ALL 94.261454
AMD 418.562052
ANG 2.03989
AOA 1044.781386
ARS 1684.05352
AUD 1.652425
AWG 2.052248
AZN 1.937198
BAM 1.955623
BBD 2.296792
BDT 140.267283
BGN 1.926499
BHD 0.429961
BIF 3386.892936
BMD 1.139347
BND 1.475566
BOB 7.880286
BRL 5.898376
BSD 1.140397
BTN 107.037296
BWP 15.497595
BYN 3.3074
BYR 22331.195401
BZD 2.293492
CAD 1.616676
CDF 2583.465669
CHF 0.922369
CLF 0.026742
CLP 1051.04471
CNY 7.74545
CNH 7.752895
COP 3917.444835
CRC 517.753059
CUC 1.139347
CUP 30.192688
CVE 110.255004
CZK 24.278354
DJF 203.071589
DKK 7.48072
DOP 67.003925
DZD 152.017218
EGP 56.431884
ERN 17.090201
ETB 183.851832
FJD 2.581872
FKP 0.863259
GBP 0.863076
GEL 3.013605
GGP 0.863259
GHS 12.857834
GIP 0.863259
GMD 83.171886
GNF 9992.094093
GTQ 8.700211
GYD 238.658363
HKD 8.935383
HNL 30.512234
HRK 7.539969
HTG 149.046487
HUF 354.166203
IDR 20349.415744
ILS 3.420376
IMP 0.863259
INR 107.509326
IQD 1493.864563
IRR 1566886.555036
ISK 144.11575
JEP 0.863259
JMD 179.603717
JOD 0.807776
JPY 184.294988
KES 147.566621
KGS 99.635519
KHR 4577.584985
KMF 494.476186
KPW 1025.412432
KRW 1749.227818
KWD 0.352753
KYD 0.950314
KZT 553.309836
LAK 25030.730655
LBP 102120.241537
LKR 383.325247
LRD 207.721168
LSL 18.745301
LTL 3.364194
LVL 0.689179
LYD 7.320336
MAD 10.693331
MDL 20.219167
MGA 4823.562684
MKD 61.629413
MMK 2391.785903
MNT 4078.444062
MOP 9.211865
MRU 45.511874
MUR 53.834656
MVR 17.602668
MWK 1977.420722
MXN 19.94335
MYR 4.65765
MZN 72.805172
NAD 18.745301
NGN 1567.889271
NIO 41.966195
NOK 11.317164
NPR 171.259473
NZD 2.017972
OMR 0.438074
PAB 1.140397
PEN 3.888647
PGK 5.004546
PHP 69.85561
PKR 317.365427
PLN 4.291862
PYG 6960.368956
QAR 4.156823
RON 5.244531
RSD 117.369359
RUB 89.906949
RWF 1670.048589
SAR 4.282512
SBD 9.173966
SCR 16.016748
SDG 683.608035
SEK 11.094514
SGD 1.474547
SHP 0.850637
SLE 28.261084
SLL 23891.534887
SOS 651.740912
SRD 42.706145
STD 23582.176444
STN 24.497779
SVC 9.978095
SYP 125.934381
SZL 18.734302
THB 38.029138
TJS 10.554143
TMT 3.987713
TND 3.379994
TOP 2.743274
TRY 53.040347
TTD 7.750297
TWD 36.299356
TZS 2999.128092
UAH 51.187059
UGX 4185.620522
USD 1.139347
UYU 45.77585
UZS 13697.758129
VES 707.252868
VND 29964.818319
VUV 135.82087
WST 3.168388
XAF 655.897535
XAG 0.019435
XAU 0.00028
XCD 3.079142
XCG 2.055214
XDR 0.815726
XOF 655.897535
XPF 119.331742
YER 271.876578
ZAR 19.354988
ZMK 10255.484316
ZMW 20.542138
ZWL 366.869174
  • CMSC

    -0.1160

    21.93

    -0.53%

  • BCE

    -0.2800

    22.92

    -1.22%

  • RBGPF

    3.7000

    65

    +5.69%

  • RELX

    0.4200

    31.34

    +1.34%

  • CMSD

    -0.1600

    21.77

    -0.73%

  • BCC

    1.2600

    81.02

    +1.56%

  • RIO

    -1.3700

    93.74

    -1.46%

  • NGG

    -0.4100

    83.01

    -0.49%

  • GSK

    0.6100

    52.5

    +1.16%

  • RYCEF

    0.3900

    18.39

    +2.12%

  • VOD

    0.0300

    13.89

    +0.22%

  • JRI

    0.2100

    12.79

    +1.64%

  • AZN

    2.7300

    188.41

    +1.45%

  • BTI

    0.2800

    62.76

    +0.45%

  • BP

    -0.5900

    37.13

    -1.59%

Trees, targets and trillions: what's on the agenda at COP30?
Trees, targets and trillions: what's on the agenda at COP30? / Photo: Carlos Fabal - AFP

Trees, targets and trillions: what's on the agenda at COP30?

This year's United Nations climate summit promises to be symbolic, marking a decade since the Paris Agreement and taking place in the environmentally vulnerable Amazon. But what is actually on the agenda?

Text size:

The marathon negotiations gather nearly every country to confront a challenge that affects them all, but unlike recent editions, this "COP" has no single theme or objective.

That does not mean big polluters will get off easy, with climate-vulnerable nations frustrated at their level of ambition and financial assistance to those most impacted by a warming planet.

Here are the big issues to look for when the two-week COP30 conference starts on November 10 in the Brazilian city of Belem:

- Emissions -

The world is not cutting emissions fast enough to meet the goals of the Paris Agreement, and no amount of pomp and pageantry at COP30 will be able to sugarcoat that uncomfortable reality.

Under the climate accord, signatory nations are required every five years to submit stronger targets for cutting greenhouse gas emissions, thereby steadily raising the collective effort to reduce global warming over time.

The latest round of pledges for 2035 were due in February to give the UN time before COP30 to assess the quality of these commitments.

Most nations missed that deadline, but by early October, about 60 had turned in their revised plans. Few have impressed, and China's target in particular fell well below expectations.

The European Union, riven by infighting, cannot agree on its target, while India is another major emitter yet to finalise its pledge.

A reckoning could be coming in Belem. Brazil -- which described the latest round of pledges as "the vision of our shared future" -- is facing pressure to marshall a response.

- Money -

Money -- specifically, how much rich countries give poorer ones to adapt to climate change and shift to a low-carbon future -- is a likely point of conflict in Belem, as in past COPs.

Last year, after a fortnight of acrimonious haggling, COP29 ended unhappily with developed nations agreeing to provide $300 billion a year in climate finance to developing ones by 2035, well below what is needed.

They also set a much less specific target of helping raise $1.3 trillion annually by 2035 from public and private sources. Developing nations will be demanding some actual detail about this at COP30.

Adaptation finance -- for example, to build coastal defences to protect against rising seas -- is on the formal agenda, with a new fundraising target possibly up for negotiation as an old commitment expires.

- Forests -

Brazil chose to host COP30 in Belem because of its proximity to the Amazon, an ideal stage to draw the world's attention to the vital role of the rainforest in fighting climate change.

At COP30, the hosts will launch a new, innovative global fund that proposes rewarding countries with high tropical forest cover that keep trees standing instead of chopping them down.

The Tropical Forests Forever Fund (TFFF) aims to raise up to $25 billion from donor countries and another $100 billion from the private sector, which is invested on financial markets. Brazil has already kicked in $1 billion.

Clement Helary from Greenpeace told AFP the TFFF "could be a step forward in protecting tropical forests" if accompanied by clearer steps at COP30 toward ending deforestation by 2030.

The destruction of tropical primary forest hit a record high in 2024, according to Global Forest Watch, a deforestation monitor. The equivalent of 18 football fields per minute was lost, driven mostly by massive fires.

Y.Sharma--DT