Overview
- Negotiators approved a nonbinding text that omits any explicit reference to fossil fuels and rejects a phaseout roadmap pressed by more than 80 countries.
- The agreement calls for efforts to at least triple adaptation finance by 2035 compared with 2025 levels, with details and sources of funding still unclear.
- COP30 president André Corrêa do Lago said he will issue voluntary roadmaps on halting deforestation and transitioning away from fossil fuels that are not part of the agreed text.
- Brazil’s Tropical Forests Forever Facility drew about $5.5 billion in initial pledges, advancing a broader push to channel more finance toward forest protection.
- The talks proceeded without U.S. participation and were marked by protests and a venue fire, ending with mixed reactions from delegations that accepted a compromise to keep the process moving.