-
Hong Kong court set to sentence activist Joshua Wong in security case
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
-
Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
-
John Schneider Admits Owes Millions in 'Dukes of Hazzard' Divorce Battle
-
Global failure to punish attacks leaves journalists at continuing risk
-
Philippine Authorities Report Progress in Thomas Markle Sr. Child Pornography Probe
-
Researchers Warn 'Bookkeeping Trick' Masks Beef Industry's Methane Emissions
-
Web Summit Qatar 2026 generated QR1 billion economic impact, report says
-
Climate Change Intensified Atlantic Hurricanes, Study Finds
-
UAE oil spill raises questions for desalination operations
-
Qatar solar expansion opens scope for technical performance gains
-
Doha hotel and Carolina Herrera launch fragrance-inspired afternoon tea
-
Fiscal 2027 Second Quarter Results
-
SHI Advanced Technologies Turns Published Research into an Interactive Customer Resource with Bioz
-
IXOPAY Announces IXO One, a Modular Payments Platform Built for an Era of Fluid Commerce
-
Best Gold and Silver IRA Companies Rankings 2026 Released by Experts
-
Fulcrum Metals PLC - Eight Uranium Zones Identified at Fontaine Lake
-
Caledonia Mining Corporation Plc Notice of Q3 2026 Results and Investor Presentation
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 03
-
Coca-Cola Europacific Partners plc Announces Q3 Trading Update & Interim Dividend Declaration
Lula to return to COP30 as first draft climate deal lands
COP30 host Brazil on Tuesday unveiled a first draft deal after UN climate talks stretched late into the night, seeking a compromise with nations at odds as the summit clock ticks down.
The draft landed as President Luis Inacio Lula da Silva announced he was returning to Belem, the rainforest city where the marathon negotiations are underway, in an effort to seal a deal.
The draft text offers a sweep of possible outcomes, reflecting the gulf between the nearly 200 nations at the summit in the Amazon, and the road still ahead to reach a final pact.
The nine-page text addresses the main flashpoints in Belem: trade measures, demands for greater finance for poorer nations, and the inadequacy of national carbon-cutting pledges.
"This is a mixed bag," EU climate chief Wopke Hoekstra told AFP on Tuesday, flagging the bloc's opposition to some proposals in the draft on climate finance and trade measures.
"We're not going to open up the hard-fought compromise of last year in terms of financing" or be "lured into a phony conversation about trade measures", he added in reference to China's focus at COP30 on the EU's flagship carbon pricing policy.
With the talks stuck, Brazil announced Monday it wanted an agreement by midweek, sending exhausted negotiators back to the bargaining table and extending work hours late into the night.
The quick turnaround of a draft indicated Brazil was confident about landing an agreement soon, observers told AFP.
"It represents a steady progression from the previous iteration and is likely one of the earliest releases of such a clean text in recent COP history," Li Shuo, a climate analyst at the Asia Society Policy Institute, told AFP.
- Tough compromise -
Among other things, the draft underscores a stark division between a coalition pushing for a "roadmap" on a fossil fuel phaseout and an opposing bloc led by oil-producing countries.
It proposes an optional "workshop" to discuss "low carbon solutions," or a high-level ministerial roundtable on pathways to help countries "progressively overcome their dependency on fossil fuels."
A third option proposes no text at all.
The draft also raises the possibility of assessing national climate pledges annually, instead of every five years, to assess more frequently shortfalls in global efforts to reduce greenhouse gas emissions.
It also suggested financial assistance from wealthy countries to developing ones for adaptation to climate change should be tripled by 2030 or 2035 -- a key demand from poorer nations.
"Climate finance is not charity. It is a legal and moral obligation," Vanuatu's climate change minister, Ralph Regenvanu, told the summit Tuesday.
Proposals to address concerns over trade -- as China leads a push against "unilateral" measures and the EU's carbon price on imports in particular -- were also canvassed.
On this sensitive issue, four proposals were outlined, including the creation of a summit under the UN secretary-general on climate trade disputes.
- Presidential push -
In a surprise move, a Brazilian presidential source told AFP that Lula would return to Belem on Wednesday in what many interpreted as a tactic to push through a deal.
"It would be a way of putting pressure on delegates to move quickly to resolve issues," David Waskow, international climate director at the World Resources Institute think tank, told AFP.
The marathon climate talks are supposed to end Friday after close to two weeks of negotiation, but previous summits have frequently run into overtime.
Brazil is eager to show that the world is still united in the fight against climate change, despite the United States skipping the summit and many other nations juggling competing priorities.
"We must show the world that multilateralism is alive," Josephine Moote, permanent representative of the small-island state of Kiribati, told COP30 on Tuesday.
A.Rodriguezv--AMWN