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UN Climate Summit Ends With Pledge to Triple Adaptation Finance, No Fossil Fuel Phase-Out

With the EU largely isolated, the final text offers little added mitigation ambition.

Overview

  • Countries agreed to aim for a trebling of adaptation finance at the Belém summit.
  • The final agreement does not include language to phase out oil and gas.
  • EU negotiators pressed for a fossil-fuel phase-out but found little support from other delegations.
  • Analysts say the text adds hardly any new ambition on emissions reduction.
  • The outcome underscores divisions among participants and leaves key mitigation measures unresolved.