Fossil fuel fight threatens to sink COP30 as negotiations run into overtime - World News

Contributing sentiments towards policy:

52% : For the first time, trade has been included as a pillar of the draft text, reflecting developing countries' concerns that imposing taxes on carbon-intensive goods -- such as Europe's new Carbon Border Adjustment Mechanism -- could erode their export revenues.
49% : Ghosh defended the exclusion of the "roadmap," arguing developing countries needed to ensure energy security and a just transition for their workers dependent on fossil fuel sector.
46% : (AP Photo/Andre Penner) Negotiations at COP30 climate talks in Brazil ran into overtime on Saturday with no agreement struck and delegates still locked in a bitter fight over whether to mention fossil fuels in the final text.
46% : It was another element the EU had not wanted included in the agreement.
45% : " Financing fight The push for a phaseout of 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.
41% : Those included the ambition to reduce fossil fuel consumption, the amount of financial aid owed by developed countries, and tensions over carbon border taxes.
41% : After nearly two weeks of negotiations, a new draft agreement unveiled earlier this week by COP30 host Brazil made no mention of "fossil fuels" or the "roadmap" that President Luiz Inacio Lula da Silva had himself publicly championed. European Union climate commissioner Wopke Hoekstra had earlier said the text was "unacceptable" and that the summit risked ending without an agreement.
40% : "The EU is stuck with a much earlier tripling of adaptation finance than they're comfortable with and in exchange they got nothing," said Jake Schmidt, senior strategic director at the Natural Resources Defense Council, an advocacy group.

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