Zürcher Nachrichten - Lula to return to COP30 as nations under pressure to land deal

EUR -
AED 4.310807
AFN 73.936322
ALL 95.356886
AMD 432.61215
ANG 2.100607
AOA 1077.364261
ARS 1630.325761
AUD 1.622832
AWG 2.115413
AZN 1.995533
BAM 1.954908
BBD 2.363631
BDT 144.254778
BGN 1.957683
BHD 0.4429
BIF 3493.320561
BMD 1.173599
BND 1.493925
BOB 8.109299
BRL 5.774696
BSD 1.173569
BTN 112.166286
BWP 15.840838
BYN 3.281117
BYR 23002.547833
BZD 2.360223
CAD 1.609098
CDF 2594.828274
CHF 0.916769
CLF 0.027245
CLP 1072.293931
CNY 7.974585
CNH 7.973822
COP 4428.811977
CRC 535.557858
CUC 1.173599
CUP 31.100384
CVE 110.214699
CZK 24.333468
DJF 208.973736
DKK 7.471233
DOP 69.258686
DZD 155.225565
EGP 62.082465
ERN 17.603991
ETB 183.238671
FJD 2.566486
FKP 0.859751
GBP 0.867818
GEL 3.139412
GGP 0.859751
GHS 13.248953
GIP 0.859751
GMD 85.672486
GNF 10297.344251
GTQ 8.953952
GYD 245.517948
HKD 9.187347
HNL 31.205758
HRK 7.53592
HTG 153.320679
HUF 357.723069
IDR 20566.331562
ILS 3.41981
IMP 0.859751
INR 112.397549
IQD 1537.29839
IRR 1539237.197465
ISK 143.613768
JEP 0.859751
JMD 185.435369
JOD 0.832042
JPY 184.985671
KES 151.570306
KGS 102.631773
KHR 4707.851377
KMF 491.738092
KPW 1056.260855
KRW 1749.742347
KWD 0.361633
KYD 0.977941
KZT 544.323894
LAK 25726.258755
LBP 105090.43762
LKR 379.058616
LRD 214.76107
LSL 19.398229
LTL 3.465334
LVL 0.709899
LYD 7.424611
MAD 10.710212
MDL 20.084577
MGA 4903.761965
MKD 61.653091
MMK 2463.330812
MNT 4202.483677
MOP 9.462941
MRU 46.812635
MUR 54.797298
MVR 18.085525
MWK 2035.062545
MXN 20.240951
MYR 4.616969
MZN 74.991889
NAD 19.398147
NGN 1608.875455
NIO 43.190472
NOK 10.774693
NPR 179.465858
NZD 1.97322
OMR 0.451269
PAB 1.173564
PEN 4.022081
PGK 5.111667
PHP 72.205713
PKR 326.920089
PLN 4.251722
PYG 7163.761041
QAR 4.277766
RON 5.204444
RSD 117.409273
RUB 86.465288
RWF 1716.394715
SAR 4.40309
SBD 9.426653
SCR 16.309883
SDG 704.749603
SEK 10.909064
SGD 1.493
SHP 0.87621
SLE 28.870029
SLL 24609.787683
SOS 670.696757
SRD 43.721854
STD 24291.137663
STN 24.488928
SVC 10.268314
SYP 129.717262
SZL 19.391233
THB 38.05862
TJS 10.972592
TMT 4.119334
TND 3.412942
TOP 2.825746
TRY 53.281242
TTD 7.964399
TWD 37.010594
TZS 3042.561155
UAH 51.579179
UGX 4410.986863
USD 1.173599
UYU 46.668701
UZS 14236.502582
VES 586.606069
VND 30911.43405
VUV 138.864327
WST 3.179627
XAF 655.657763
XAG 0.013893
XAU 0.000251
XCD 3.171711
XCG 2.115044
XDR 0.813726
XOF 655.660555
XPF 119.331742
YER 280.004402
ZAR 19.3961
ZMK 10563.802165
ZMW 22.091917
ZWL 377.898521
  • BCC

    -1.1100

    68.09

    -1.63%

  • NGG

    -0.2000

    86.96

    -0.23%

  • BCE

    0.2450

    24.525

    +1%

  • RIO

    -0.1000

    107.8

    -0.09%

  • CMSC

    -0.0600

    23.06

    -0.26%

  • AZN

    3.6300

    185.49

    +1.96%

  • GSK

    1.2850

    51.095

    +2.51%

  • RYCEF

    -0.7300

    16.06

    -4.55%

  • CMSD

    -0.0400

    23.57

    -0.17%

  • BTI

    2.9500

    63.39

    +4.65%

  • RBGPF

    -2.6100

    61

    -4.28%

  • VOD

    -1.1550

    15.165

    -7.62%

  • BP

    0.1650

    44.385

    +0.37%

  • RELX

    -0.5400

    32.73

    -1.65%

  • JRI

    0.0200

    13.15

    +0.15%

Lula to return to COP30 as nations under pressure to land deal
Lula to return to COP30 as nations under pressure to land deal / Photo: Pablo PORCIUNCULA - AFP

Lula to return to COP30 as nations under pressure to land deal

COP30 host Brazil pushed Tuesday for an early breakthrough at UN climate talks, with nations weighing a proposed deal that seeks to bridge major differences on fossil fuels, finance and trade barriers.

Text size:

Brazil wants an agreement reached by midweek, with President Luiz Inacio Lula da Silva to make an unexpected return to Belem on Wednesday in a high-level bid to seal a deal.

After announcing its fast-tracked timeline, negotiators spent a sleepless night producing a first draft on trade measures, demands for greater finance for poorer nations, and the inadequacy of national carbon-cutting pledges.

"As always in this phase of the negotiations, this is a mixed bag," EU climate chief Wopke Hoekstra told AFP in the corridors of the cavernous COP30 venue.

UK climate envoy Rachel Kyte said the draft "feels a little out of balance" but hoped discussions with Brazil could yield a "stronger text".

"The Brazilians have a very aggressive timeline. I think it's putting delegates under a lot of pressure, but there's a chemistry to COPs," Kyte told reporters.

No rest was expected in Belem on Wednesday, with diplomats asked to burn the midnight oil for yet another evening.

The quick turnaround of a clear first draft so early in the climate talks sent a signal that Brazil was confident of landing an agreement soon, veteran COP observers told AFP.

- Tough compromise -

Among other things, the draft underscores the gulf between a broad coalition pushing for a "roadmap" on phasing out fossil fuels and an opposing bloc led by oil-producing countries.

On Tuesday, more than a dozen climate ministers and ambassadors united on stage in a call for stronger language in the final agreement on exiting coal, oil and gas.

"The current reference in the text is weak, and it is presented as an option. It must be strengthened and adopted," said Tina Stege, climate envoy from the low-lying Marshall Islands, flanked by counterparts from Sierra Leone, the UK and Colombia.

The draft also suggested tripling financial assistance from wealthy countries to developing ones for adaptation to climate change 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.

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.

But Kenya's climate secretary Deborah Mlongo Barasa said the obligation of rich countries to deliver promised financial assistance "remains the defining test of global solidarity".

Hoekstra said there was "zero appetite" for reopening a debate over climate finance -- a difficult subject that turned acrimonious at last year's COP29 in Azerbaijan.

He also rejected some of the draft proposals on trade concerns as China leads a push against "unilateral" measures and, in particular, the EU's carbon price on imports.

"We're not going to be lured into a phoney conversation about trade measures. Let's call this what it is," he said.

- 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.

W.O.Ludwig--NZN