EconomyLens.com
No Result
View All Result
Saturday, December 13, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

UN climate talks deadlocked as EU pushes fossil-fuel phaseout

Natalie Fisher by Natalie Fisher
November 22, 2025
in Other
Reading Time: 7 mins read
A A
0
43
SHARES
542
VIEWS
Share on FacebookShare on Twitter

Nations remained deadlocked after two weeks of negotiations that were supposed to end on Friday. ©AFP

Belém (Brazil) (AFP) – The UN’s COP30 climate talks spilled into overtime on Saturday, with the European Union in a standoff with oil producers and emerging countries over its push for a renewed commitment to a fossil-fuel phaseout. A closing plenary was scheduled for 1300 GMT in the Brazilian Amazon city of Belem, even as nations remained deadlocked after two weeks of negotiations that were supposed to end on Friday.

Related

Women sommeliers are cracking male-dominated wine world open

Can Venezuela survive US targeting its oil tankers?

World stocks mostly slide, consolidating Fed-fuelled gains

EU 2035 combustion-engine ban review: what’s at stake

Stocks rally in wake of Fed rate cut

The EU warned that the summit could finish without a deal after host Brazil released a draft agreement on Friday that made no mention of “fossil fuels” or a “roadmap” that President Luiz Inacio Lula da Silva had himself publicly championed. After negotiating through the night, EU ministers were meeting on Saturday, but French ecological transition minister Monique Barbut said things were going “nowhere so far.” Thirty-six countries including wealthy nations, emerging economies, and small island states had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from oil, coal, and gas.

But a member of an EU delegation told AFP that the 27-nation bloc was “isolated” and cast as the “villains” at the talks. Some EU states were weighing a walkout, the delegate added, while others feared being blamed if the talks collapsed. Barbut has accused oil-rich Saudi Arabia and Russia, along with coal producer India and “many” other emerging countries, of refusing language on a fossil-fuel phaseout. The push to phase out oil, coal, and gas — the main drivers of global warming — grew out of frustration over a lack of follow-through on the COP28 agreement in Dubai in 2023 to transition away from fossil fuels.

Arunabha Ghosh, a special envoy for South Asia at the talks, shot back against “finger pointing.” “To assume that one side cares about the planet and the other side, because they are unhappy with the formulation, does not care about the planet does grievous harm to the spirit of negotiations,” he told AFP. Ghosh defended the exclusion of the “roadmap,” arguing developing countries needed to ensure energy security and a just transition for their workers dependent on the fossil fuel sector. Consensus is needed among the nearly 200 nations to land an agreement at the conference, which this year is taking place without the United States as President Donald Trump shunned the event.

The head of COP30, Brazilian diplomat Andre Correa do Lago, said those who doubt that cooperation is the best way forward for climate change “are going to be absolutely delighted to see that we cannot reach an agreement between us.”

– Money fight –

The annual meeting has been chaotic, with Indigenous protesters blocking its entrance last week and negotiations disrupted by a fire inside the venue on Thursday. Developing nations, meanwhile, are pushing the EU and other developed economies to pledge more money to help them adapt to the impact of climate change, such as floods and droughts, and move toward a low-carbon future. The rejected draft said there was a need for a “manyfold increase” in financial support for developing countries. It also called for “efforts to triple adaptation finance” by 2030 compared to 2025 levels.

The EU has also rejected language on trade in the text. China, India, and other allied countries want COP30 to adopt a decision against trade “barriers” — a dig at the EU’s Carbon Border Adjustment Mechanism (CBAM). CBAM, which will become fully operational next year, targets imports of carbon-intensive goods such as steel, aluminum, cement, fertilizers, electricity, and hydrogen.

© 2024 AFP

Tags: climate changecop30fossil fuels
Share17Tweet11Share3Pin4Send
Previous Post

Western rift over Ukraine and Trump absence mar G20 summit

Next Post

G20 threatened by geopolitical fractures, leaders warn

Natalie Fisher

Natalie Fisher

Related Posts

Other

Kushner returns to team Trump, as ethical questions swirl

December 12, 2025
Other

Asian markets track Wall St record after Fed cut

December 12, 2025
Other

Kushner returns to team Trump, as ethical questions swirl

December 11, 2025
Other

Windswept Kazakh rail hub at the heart of China-Europe trade

December 11, 2025
Other

Crypto mogul Do Kwon sentenced to 15 years for fraud

December 12, 2025
Other

Dow, S&P 500 end at records despite AI fears

December 12, 2025
Next Post

G20 threatened by geopolitical fractures, leaders warn

UN climate summit nears end as EU accepts watered-down deal

Amazon summit seals climate deal without fossil fuel plan

S.Africa G20 declaration highlights: minerals, debt, climate

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Women sommeliers are cracking male-dominated wine world open

December 13, 2025

Why SpaceX IPO plan is generating so much buzz

December 12, 2025

Crypto firm Tether bids for Juventus, is quickly rebuffed

December 12, 2025

Can Venezuela survive US targeting its oil tankers?

December 13, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.