Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, May 17
    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

    OpenAI’s ChatGPT Finance Integration: Strategic Analysis of AI Wealth Management

    May 17, 2026
    Finance

    OpenAI previews personal finance features in ChatGPT Pro

    May 15, 2026
    Finance

    ChatGPT will now dole out finance tips if you connect your bank account. I won’t.

    May 15, 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
    Utilities

    DEWA leverages Microsoft solutions to accelerate digital transformation and sustainability in the utilities sector

    June 19, 2025
    Bitcoin

    légèrement en dessous du record de 112k$

    May 22, 2025
    Stock Market

    Down 69% From Its Recent Peak, Is USA Rare Earth Stock a Buy?

    December 5, 2025
    What's Hot

    Bitcoin eyes $80,000 as US-Iran diplomacy revives risk appetite

    April 15, 2026

    India, US ink Cultural Property Agreement for repatriation of stolen antiquities – Firstpost

    July 26, 2024

    Stock Market Today LIVE: Gift Nifty signals weak opening for Nifty 50, Sensex today amid US-Iran war woes

    April 6, 2026
    Most Popular

    UK homeowners must visit B&Q, Homebase and Screwfix now ‘before it’s too late’

    September 9, 2025

    Bitcoin’s Uptober Breakout In Sight: Here Are The Next Potential Critical Levels

    October 22, 2024

    Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends

    April 12, 2026
    Editor's Picks

    Bitcoin suit les modèles de 2023 et 2024 – Objectif de 130 000 $

    March 4, 2025

    Gov. DeSantis’ property tax cut push in Florida fails but will be back

    June 23, 2025

    Near Record Gold/Oil Ratio Tilts In Favor Of Major Oil Bottom (NYSEARCA:USO)

    October 22, 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.