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UN Climate Deal Hikes Money for Nations Hit by Climate Change

  • Writer: By The Financial District
    By The Financial District
  • 3 days ago
  • 1 min read

United Nations climate talks in Brazil reached a subdued agreement that pledged more funding for countries to adapt to the wrath of extreme weather.


The deal was approved after negotiators blew past a deadline and was crafted after hours of late-night and early-morning meetings. (Photo: COP30 Brasil Facebook) 
The deal was approved after negotiators blew past a deadline and was crafted after hours of late-night and early-morning meetings. (Photo: COP30 Brasil Facebook) 
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But the catch-all agreement does not include explicit details to phase out fossil fuels or strengthen countries’ inadequate emissions-cutting plans, which dozens of nations demanded, the Associated Press (AP) reported.


The Brazilian hosts of the conference said they would eventually come up with a roadmap to move away from fossil fuels, working with hard-line Colombia, but it will not have the same force as something formally approved at the conference called COP30.


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Colombia responded angrily to the deal after it was approved, citing the absence of wording on fossil fuels, Mainichi Japan also reported.


The deal, which was approved after negotiators blew past a deadline, was crafted after hours of late-night and early-morning meetings.


After the deal was approved, COP30 President André Corrêa do Lago said the tough discussions started in Belém will continue under Brazil’s leadership until the next annual conference “even if they are not reflected in this text we just approved.”


UN Secretary-General António Guterres said the deal shows “that nations can still come together to confront the defining challenges no country can solve alone.”



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