Overview
- The COP30 presidency missed its Wednesday target for an initial package, with a new draft now expected Thursday and final decisions pushed to the summit’s closing days.
- President Luiz Inácio Lula da Silva returned to Belém to meet key blocs as U.N. chief António Guterres worked the corridors to spur compromises.
- Roughly 80 countries seek a detailed roadmap to move away from oil, gas and coal, while Saudi Arabia is cited by Vanuatu as a blocker and the EU proposed a non‑prescriptive version to widen support.
- Talks are snagged on operationalizing the $300 billion finance pledge, adaptation funding expectations and climate‑linked trade rules, with EU ministers signaling no increase in adaptation finance and developing states urging more grants.
- A compromise for COP31 is reported to be emerging with Türkiye as host and Australia leading negotiations, as separate efforts to launch a UN carbon market face funding disputes.