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COP30 Outcome Centers on Finance Process, Leaves Fossil-Fuel Phaseout to Parallel Tracks

Experts highlight gains for developing countries through an implementation-focused finance work programme.

Overview

  • Delegates approved a two-year work programme under Article 9 of the Paris Agreement to advance climate finance responsibilities for developed countries.
  • The Brazilian presidency’s Global Mutirão establishes three annual dialogues in Bonn from 2026 to 2028 to scrutinize unilateral trade measures affecting developing nations.
  • Negotiators did not agree on a UN-led roadmap to phase out fossil fuels, and Colombia with the Netherlands will co-host a separate forum to pursue the transition.
  • The final text defers the target to triple adaptation finance to 2035, leaving key funding sources and delivery mechanisms unresolved.
  • Civil society protests, a Nov 20 pavilion fire, sweltering heat and heavy rain shaped the event’s tenor, with participants noting a strengthened sense of shared urgency.