Overview
- Nearly 200 countries approved a consensus decision that calls on developed nations to at least triple adaptation finance by 2035, with estimates placing the target near $120 billion annually.
- The final text omitted any explicit reference to phasing out oil, gas or coal, despite a broad push for a fossil-fuel roadmap led by more than 80 countries.
- COP30 President André Corrêa do Lago said he will publish nonbinding roadmaps on transitioning away from fossil fuels and on forests, with Colombia preparing a follow-up meeting next year.
- A new forests finance vehicle, the Tropical Forests Forever Facility, was showcased with multibillion-euro pledges from Brazil, Indonesia, Germany and Norway to leverage private capital for conservation.
- Reactions were sharply mixed as Colombia lodged an objection and EU officials and activists criticized the deal as underpowered, even as the bloc backed it to keep the process alive.