Overview
- Negotiators worked past the scheduled close, with a negotiated “Mutirão” text heading to plenary that makes no reference to fossil fuels or a phaseout roadmap.
- The European Union said it could block a final deal, and a coalition of roughly 29–30 countries including Colombia, Germany, France and the UK said they will not back a text without a credible transition plan.
- The presidency’s package centers on voluntary implementation tools, keeps the mitigation work program procedural, and leaves the fossil-fuel “roadmap” outside the formal decision, per COP president André Corrêa do Lago.
- On adaptation, the draft trims the Global Goal on Adaptation indicators from 100 to 59 and calls for tripling adaptation finance to about US$120 billion a year by 2030 without specifying funding sources.
- Finance sections newly detail pledges, noting US$817.01 million for the Loss and Damage Fund and a 2025 mobilization target of US$300 million for the Adaptation Fund, even as broader funding gaps persist.