Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, June 6
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»COP30 ends with finance boost but no fossil fuel roadmap
    Finance

    COP30 ends with finance boost but no fossil fuel roadmap

    November 22, 20253 Mins Read


    Brazil's President Luiz Inacio Lula da Silva looks on as he meets with China's Vice Premier Ding Xuexiang (not pictured), ahead of the United Nations Climate Change Conference (COP 30), in Belem, Brazil, November 5, 2025

    Brazil’s President Luiz Inacio Lula da Silva looks on as he meets with China’s Vice Premier Ding Xuexiang (not pictured), ahead of the United Nations Climate Change Conference (COP 30), in Belem, Brazil, November 5, 2025
    | Photo Credit:
    ADRIANO MACHADO

    The COP30 climate summit in Belem closed with a compromise agreement that expands financial support for developing nations but avoids any reference to phasing out fossil fuels, CNN reported.

    Brazil, which held the presidency of COP30, pushed the deal through after two weeks of tense and extended negotiations between representatives of more than 190 countries.

    The United States did not send an official delegation to the summit that ended on Saturday.

    India extended strong support to Brazil, praising the COP30 presidency for its inclusive approach and for steering a difficult negotiation process with fairness.

    India welcomed several significant decisions adopted at the conference, in the “High-level Statement” at the Closing Plenary of the UNFCCC CoP30 in the port city of Belem, known as the gateway to the Amazon.

    The statement conveyed India’s gratitude to the CoP President for his leadership, which it said was rooted in inclusion, balance, and the “Brazilian spirit of Mutirão,” and guided CoP30 with integrity.

    India also highlighted that the GGA discussions finally acknowledged the overwhelming demand for adaptation finance across the Global South.

    Despite pressure from the EU, Colombia, Panama and Uruguay, the final package avoided any mention of fossil fuels, the biggest driver of global warming.

    Colombia warned that “a consensus imposed under climate denialism is a failed agreement,” while Panama said a deal that does not even name fossil fuels amounts to “complicity”.

    “Science has been deleted from COP30 because it offends the polluters,” said Juan Carlos Monterrey Gomez, Panama’s special representative for climate change.

    “A ‘Forest COP’ with no commitment on forests is a very bad joke. A climate decision that cannot even say ‘fossil fuels’ is not neutrality, it is complicity. And what is happening here transcends incompetence.”

    Saudi Arabia, Russia and other fossil-fuel-dependent nations opposed any language on transitioning away from oil, gas or coal.COP30 President Andre Correa do Lago acknowledged the disagreements and said the presidency will issue separate documents on fossil fuel transition and forest protection, keeping them outside the official deal due to lack of consensus, CNN reported.

    He urged countries to continue negotiations beyond COP30.Under the new agreement, developed countries are urged to triple climate finance for poorer nations by 2035, especially for adaptation to rising seas, extreme heat and intensifying storms.

    The absence of the US delegation raised questions about multilateral climate cooperation, CNN reported.

    Published on November 23, 2025



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin vs Ethereum: Key Differences in 2025
    Next Article United Utilities boosts dividend as higher revenue drives profit jump

    Related Posts

    Finance

    Finance Commissioner, Anchoria Capital Group MD, others to speak at UNILAG’s student-led conference

    June 6, 2026
    Finance

    Finance, Agriculture ministries clash over GH¢1.6bn funding claims

    June 5, 2026
    Finance

    Participation finance share in Türkiye rises to around 9%: CBRT chief

    June 5, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Analyst Says Altcoin That’s Exploded Over 2,800% Year-to-Date Primed To ‘Do Better,’ Updates Outlook on Bitcoin

    July 19, 2024
    Property

    China economic spillovers to Asia hinge on property, Nomura says

    October 11, 2024
    Investing

    Asian Investors Wary as China Action Disappoints: Markets Wrap

    October 14, 2024
    What's Hot

    US stock market today: Wall Street holds steady after inflation data; Nasdaq jumps 0.2%

    June 11, 2025

    Solana outpaces Bitcoin, Ethereum; broader market gains 3.6%

    August 24, 2024

    Tether adds 8,888 Bitcoin to reserves; total holdings top 96,000 BTC

    December 31, 2025
    Most Popular

    Bitcoin heads into holiday weekend exposed as ETF and CME flows go offline

    April 2, 2026

    Trump’s Attempt To Remove Fed’s Lisa Cook Puts U.S. Bitcoin Reserve At Risk

    August 26, 2025

    Japan seeks to calm market’s nerves after stock price fluctuations

    August 6, 2024
    Editor's Picks

    India-EU trade deal: What does it mean for gold, silver, Indian stock market?

    January 25, 2026

    XRP se qualifie comme un jeton d’utilité sous Mica, Bitcoin et Ethereum exclues des règles de Mica

    June 5, 2025

    Bitcoin Price Rally Hits Pause: Is a Drop to $113K the Setup for the Next Run?

    July 30, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.