COP30 falls short on fossil fuels but delivers on forests and adaptation finance
"More scrutiny of fossil fuel producers and more money for forests and adaptation, and a new, rising emphasis on trade and implementation."
COP30 ended on Saturday (November 22) with an agreement to triple adaptation finance, a blended finance mechanism to protect the world’s forests – and intense divisions over the phase-out of fossil fuels.
Tensions had escalated on Friday (November 21) after the COP30 Presidency removed all references to fossil fuels in a new draft of the so-called Mutirao Decision – the main document on which countries had to agree this year. Several countries vowed not to adopt a plan that did not include a fossil fuels roadmap, but talks this year did not have the luxury of overtime, with many delegations having to stay on cruise ships due to a lack of accommodation options, and a clear-cut date for the vessels’ departure on November 22.
