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COP30 Seals Deal to Triple Adaptation Finance, Drops Fossil-Fuel Phaseout From Core Text

Oil-producer resistance kept binding fossil language out, prompting Brazil to plan separate roadmaps.

Overview

  • Delegates approved the consensus text after all-night talks, with the European Union ultimately accepting a watered-down compromise to avoid collapse.
  • The agreement urges efforts to at least triple funding for climate adaptation for vulnerable countries by 2035, a later timeline than many developing nations sought.
  • The final text contains no explicit mention of fossil fuels; the Brazilian presidency said it will issue separate, nonbinding roadmaps on fossil fuels and forests.
  • Countries endorsed voluntary mechanisms including a Global Implementation Accelerator and referenced the 2023 UAE consensus, and the deal includes language to review climate-related trade barriers.
  • Campaigners and several negotiators criticized the outcome as too weak to meet scientific goals, and the United States’ absence loomed over the fraught negotiations.