-
BIS flags debt and profitability risks in AI-driven market rally
-
Oil supply concerns and AI warnings weigh on global markets
-
Qatar Chamber and Maltese envoy consider business forum
-
'I am the hoax buster': Trump rejects AI danger warnings
-
Spanish PM denies being blackmailed by Morocco
-
Macklemore dropped from Ed Sheeran tour after 'free Palestine' speech
-
Doha Islamic finance forum names AlRayan firms as co-lead partners
-
Trump's son confirms Russian businessman paid for post-wedding festivities
-
Leeds thrash Newcastle to go third in the Premier League
-
Betis beat winless Villarreal to go third
-
Zelensky says Ukraine ready for 'de-escalatory steps'
-
Etihad capacity rises as war disruption weighs on annual earnings
-
In-form Malen fires Roma to Serie A summit, Inter on their heels
-
At G20 summit, US unravels power plant climate rules
-
Lebanese agency reports Israeli shelling and gunfire in south
-
Russian disinformation campaign sets sights on US midterms
-
Expert proposes phased digital reform for Arab business schools
-
England No 8 Pollock could move abroad or switch sports amid contract stand-off
-
Trump rejects 'hoax' warnings that AI could destroy humanity
-
Canada makes pitch as safe place to invest in 'uncertain world'
-
Houthis say Saudi Arabia hits Yemen with 54 strikes after attack on bases
-
In-form Malen fires Roma to Serie A summit
-
Why the far right is losing ground in Sweden
-
IOC visits Lyon amid leadership turmoil for 2030 Winter Olympics
-
Ex-Ireland fly-half O'Gara extends deal as La Rochelle coach
-
New York seizes 12 celeb deep-fake porn sites
-
Russian attacks on Ukraine railways escalating every week: rail CEO to AFP
-
Jesse Eisenberg channels emotional intensity into 'The Debut'
-
France, Iraq deepen energy, defence ties during Zaidi visit
-
Alarm over AI grows as divided US Congress struggles to act
-
Trump says Ukraine, Russia agree not to hit energy targets
-
PopDEX Surpasses $61M TVL and $2B Trading Volume in Closed Beta
-
Nigeria's Dangote refinery launches continent's biggest IPO
-
Oasis announce new 2027 world tour
-
Trump blasts 'sick conspiracy' against AI as warnings mount
-
Women athletes condemn 'sexualised' Sydney Sweeney commercial
-
For Laura Linney, role in Parkinson's-themed movie marked a turning point
-
UN calls for 'urgent action' to rein in AI in face of 'unprecedented risks'
-
Doctors face life sentence over Greek pop star's death
-
Russia intensifies attacks seeking to intimidate Ukraine, Europe
-
Trump moves to axe power plant climate rules
-
Richarlison not in Spurs League Cup squad: De Zerbi
-
Slow the AI race? Investors weigh the potential cost
-
French defence group Thales calls on governments to regulate AI
-
Philippine Muslim enclave votes for parliament after deadly shooting
-
Three talking points from the Spanish Grand Prix
-
Germany seeks guarantees from Italy's UniCredit over Commerzbank takeover
-
Saudi football body vows action against Jota chants, Ronaldo urges life ban
-
Liverpool will have to accept 'ups and downs', says Iraola
-
North Korea win 10-0 in Asian Games football mismatch
Fossil fuel fight threatens to sink COP30 as EU rejects Brazil's draft
The clock was ticking down on the slated final day of UN climate talks in Brazil Friday where a bitter fight over whether to mention fossil fuels in any agreement threatened to upend the event.
At stake at COP30 is securing a deal that paves the way for faster cuts to planet-warming emissions that are driving ever more extreme weather -- and proving that international cooperation can still function in a fractured world.
After nearly two weeks of negotiations in the Amazonian city of Belem, a new draft agreement unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President Luiz Inacio Lula da Silva had himself publicly championed.
European Union climate commissioner Wopke Hoekstra said the text was "unacceptable" and that the summit risked ending without an agreement.
"I am saying it with a heavy heart, but what is now on the table is clearly no deal," Hoekstra told reporters.
Speaking on condition of anonymity, a European delegate said the bloc was being cast as "villains" for refusing to back the deal. Some member states were weighing a walkout, the delegate added, while others feared being blamed if the talks collapsed.
The conference, which was disrupted for several hours by a fierce blaze Thursday that tore a hole in the venue's roof -- as well as by two Indigenous-led protests last week -- was supposed to end on Friday evening at 6:00 pm (2100 GMT).
Well after that time, countries were sending staff back to their hotels, with the summit likely to spill over into the weekend.
- Consensus required -
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.
France's ecological transition minister, Monique Barbut, told AFP that oil-rich Russia and Saudi Arabia, along with coal producer India and "many" emerging countries, were blocking the language.
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 fossil fuel sector.
Consensus is needed among the nearly 200 nations to land an agreement at the UN climate 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 ruefully that 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 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.
Divisions also remain over trade measures and finance for poorer nations to adapt to the impacts of climate change, such as floods and droughts, and move to 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 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. "It's a tough pill to swallow," Schmidt told AFP.
It was another element the EU had not wanted included in the agreement.
P.Costa--AMWN