COP30 in Belém offers a boost to climate financing and a commitment to plan the transition to fossil fuels

COP30 in Belém offers a boost to climate financing and a commitment to plan the transition to fossil fuels
COP30 in Belém offers a boost to climate financing and a commitment to plan the transition to fossil fuels

  • Climate misinformation: Commitment to promoting information integrity and countering false narratives.

The final decision emphasizes solidarity and investment, setting ambitious financial targets and leaving the energy transition for a later debate. Burning fossil fuels emits greenhouse gases that are by far the largest contributor to global warming, making this omission a cause for concern for many nations, including South American and EU negotiators, as well as civil society groups.

Expectations were high that the final COP30 decision would include an explicit reference to phasing out fossil fuels. More than 80 countries backed Brazil’s proposal for a formal “road map.”

A draft text had included it, until the last hours of the talks. The adopted outcome refers only to the ‘UAE Consensus’, the COP28 decision calling for a “transition away from fossil fuels”.

Ahead of the final plenary session, Brazilian scientist Carlos Nobre issued a stark warning: fossil fuel use must be reduced to zero by 2040-2045 at the latest to avoid catastrophic temperature rises of up to 2.5°C by mid-century. That trajectory, he said, would mean the near-total loss of coral reefs, the collapse of the Amazon rainforest and an accelerated melting of the Greenland ice sheet.

A closer look

After two weeks of intense negotiations, the adopted text calls for mobilizing at least $1.3 trillion per year by 2035 for climate action, in addition to tripling financing for adaptation and operationalizing the loss and damage fund agreed at COP28.

It also launches two major initiatives – the Global Implementation Accelerator and the Belém Mission towards 1.5°C – to help countries meet their nationally determined contributions (NDCs), or national climate action plans and adaptation plans.

For the first time, the decision recognizes the need to address climate misinformation, committing to promoting the integrity of information and counter-narratives that undermine science-based action.

Last week, Brazilian President Luiz Inácio Lula da Silva opened the summit by declaring it would be known as “the COP of truth,” and this historic decision marks a significant step toward safeguarding public trust in climate policy, even as the absence of fossil fuel transition language underscores the complexity of energy negotiations.

Two new roadmaps

At the closing meeting, COP30 President André Corrêa do Lago acknowledged what was left out of the agreement:

“We know that some of you had greater ambitions for some of the issues at hand,” he said, adding: “I know that youth civil society will demand that we do more to fight climate change. I want to reaffirm that I will try not to disappoint you during my presidency.”

Reflecting on the call for ambition made by President Lula at the opening of COP30, do Lago announced plans to create two roadmaps: one to halt and reverse deforestation; and another, abandon fossil fuels in a fair, orderly and equitable manner, mobilizing resources for these purposes in a “fair and planned” manner.

COP30 President André Corrêa do Lago (center) speaks with his team at the closing of the United Nations Climate Conference.

The path to consensus

The path to consensus at the last Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), as the annual COPs are formally known, was not easy.

Late last week, indigenous groups staged blockades demanding stronger protections for the Amazon, and on Thursday afternoon, a fire at the conference site disrupted talks during a critical phase.

Negotiators worked through the night on Friday to close gaps on finances and ambition, as Brazil’s presidency steered discussions towards a politically viable outcome focused on support and implementation of previous COP agreements.

‘Multilateralism is alive’

From the G20 Summit in Johannesburg, UN Secretary-General António Guterres sent a clear message to COP30: at the gates of the Amazon, the Parties reached an agreement that demonstrates that nations can still come together to face challenges that no country can solve alone.

The UN chief said COP30 made progress, such as launching the Global Implementation Accelerator to close ambition gaps, and reaffirmed the UAE Consensus, including a just, orderly and equitable transition away from fossil fuels.

“But COPs are based on consensus, and in a period of geopolitical divisions, consensus is increasingly difficult to achieve. I cannot claim that COP30 has achieved everything that is needed.” Exceeding 1.5°C is a stark warning: rapid, deep emissions cuts and massive climate finance are essential. “COP30 is over, but the work is not yet,” he said.

Guterres vowed to continue pushing for greater ambition and solidarity, urging all those who marched, negotiated and mobilized: “Don’t give up. History – and the United Nations – are on your side.

Hold the line at 1.5 in ‘turbulent geopolitical waters’

UN climate chief Simon Stiell pointed to a number of important achievements as COP30 concluded in Belém: new strategies to accelerate implementation of the Paris Agreement, a push to triple adaptation financing, and commitments towards a just energy transition.

And despite what he called “turbulent geopolitical waters” – marked by polarization and climate denial – 194 nations stood together, “keeping humanity in the fight for a habitable planet, determined to hold the 1.5°C line.”

At the center of this drive is the emblematic outcome of COP30: the mutilated texta comprehensive agreement that brings together four controversial negotiating tracks (from mitigation to financial and trade barriers) into a single consensus-based agreement. Along with it, seventeen additional decisions were adopted.

The final document declares that the global shift towards low-emissions and climate-resilient development is “irreversible and the trend of the future.” It reaffirms that the Paris Agreement is working – and must “go further and faster” – strengthening the role of multilateral climate cooperation.

The text also recognizes the economic and social benefits of climate action, from growth and job creation to better access to energy, security and public health. Stiell pointed to a decisive trend: investments in renewable energy now outnumber fossil fuels by two to one – “a political and market signal that cannot be ignored,” he said.

A solid action agenda beyond negotiations

The Brazilian Presidency stressed that the success of COP30 extends beyond negotiated agreements, highlighting a wave of voluntary commitments under the Action Agenda.

Among them:

  • Tropical Forests Forever Fund: Raised $5.5 billion and now includes 53 participating countries; At least 20 percent of resources go directly to indigenous peoples and local communities.
  • Belém Health Action Plan: The first global initiative addressing climate-related health threats, launched with $300 million from 35 philanthropic organizations.
  • UNEZA Alliance: Utilities pledged $66 billion annually for renewable energy and $82 billion for transmission and storage.
  • Cities, regions and companies: A coalition covering 25,000 buildings reported reducing more than 850,000 tons of CO₂ by 2024.

Climate justice at the forefront

The countries also agreed to develop a just transition mechanism, enhancing cooperation, technical support and capacity development.

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