COP30 Climate Talks End with More Fizzle Than Bang | LatestLY

Contributing sentiments towards policy:

56% : To fund projects such as reinforcing buildings or updating storm infrastructure, developing nations at the forefront of climate change will need about $310 billion per year by 2035, according to a report by the UN Environment Programme.
56% : We said, 'We cannot accept that,'" said Muyung, whose country has significant fossil fuel reserves it wants to develop with the help of Saudia Arabia.
53% : Jordan Dilworth, a policy adviser at climate think thank E3G called the inclusion of a forum to discuss trade a major concession by parties such as the EU.
49% : A main point of contention has been a road map to transition away from fossil fuels, the burning of which produces most of the emissions heating the planet and turbocharges extreme weather.
49% : The CBAM adds a levy to carbon-intensive imports that would make products from countries that are slower to transition to renewables less competitive in the EU.
48% : " EU climate commissioner Wopke Hoekstra said Europe would have liked a more ambitious deal, but that it was at least going in "the right direction" because it was "making a very significant step forward" in terms of financing adaptation that will benefit poorer nations feeling the brunt of climate impacts.
46% : In the closing session, COP30 President Andre Correa do Lago announced that he would spearhead two voluntary roadmaps -- one to transition away from fossil fuels in a just, orderly, and equitable way, and another to halt and reverse deforestation.
46% : While these roadmaps are not part of the formal UN deal, all countries are invited to join.
45% : He also announced the first ever conference on ending reliance on oil, gas and coal, to be held in Colombia in April next year. Panama's head negotiator Juan Carlos Monterrey Gomez said the COP and the UN system are failing people "at a historic scale," and that negotiators are defending "the very industries that created this crisis: the fossil fuel industry and the forces driving global deforestation.
45% : But the EU says CBAM is needed to level the playing field for companies producing within the bloc who will be subject to stricter carbon pricing under its internal emissions trading scheme and to dissuade them from relocating.
40% : National climate action plans -- known as NDCs, which the UN required countries to submit ahead of COP30 -- have been criticized for falling abysmally short of meeting that target agreed in 2015.
34% : Some developing countries were angered by the insistence on linking action on fossil fuels with increased adaptation finance, accusing rich countries, including the EU, of holding poorer states to ransom on the issue.
33% : China and India have clashed with the European Union over its Carbon Border Adjustment Mechanism.

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