Overview
- After all-night talks led by Brazil, negotiators coalesced around a draft agreement, with a closing plenary scheduled and consensus from nearly 200 parties still required.
- The draft calls for efforts to at least triple adaptation finance by 2035 for developing countries, exceeding earlier offers from wealthy nations but falling short of demands for a faster timeline.
- The main text omits explicit fossil-fuel phaseout language, with the COP30 president set to issue a separate, lower-weight roadmap and only a brief reference preserved to the 2023 transition-away agreement.
- The European Union, which had blocked earlier versions as too weak, signaled acceptance of the watered-down text while acknowledging it lacks the ambition it sought.
- Draft provisions include voluntary implementation steps and trade language as oil-producing states resisted stronger emissions wording and observers noted the United States’ absence reshaped the talks.