COP30 ended in Brazil with a compromise agreement that expands financial support for countries facing the sharpest climate impacts, after tense negotiations stretched beyond the summit’s deadline.
Brazil worked to secure unity on the final text, pushing the agreement through despite the absence of a U.S. delegation and growing frustration among several negotiating blocs.
The central outcome was a pledge for wealthy nations to triple adaptation finance by 2035, a target aimed at strengthening the ability of vulnerable states to respond to rising temperatures, floods and storms.
Many countries said the deal still leaves major gaps. Delegates criticised the absence of stronger language on greenhouse gas reductions and the lack of any reference to fossil fuels in the mitigation work plan. Colombia, Panama and Uruguay objected to the process, saying it sidelined scientific guidance and procedural rules.
Panama’s delegate Ana Aguilar said her country struggled to support the presidency on a text adopted without standard procedure. Her comments came after a senior expert at ODI Global described widespread dissatisfaction among countries that felt the final document fell short of expectations.
After a brief suspension, the Brazilian presidency confirmed that the agreement would stand. The EU, which had pushed for tougher commitments, stepped aside to avoid a collapse of the talks.
The deal launches a voluntary initiative to accelerate national climate action, aimed at helping states meet existing emissions pledges. Developing countries welcomed the additional funding signals but warned that the current measures are not enough to confront rapidly rising climate threats.
COP30 also opened a review of international trade rules linked to clean technology. Delegates said growing trade barriers risk slowing the global shift to low carbon industries unless climate and trade frameworks are aligned.
Türkiye will host COP31 in 2026, with Australia taking the lead on negotiations as countries prepare for another test of climate diplomacy.
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Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
The United States says it's handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of President Donald Trump’s administration returning such a vessel, Reuters reported.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
Residents in Syria’s Kurdish-majority city of Qamishli have stepped up volunteer patrols amid growing pressure from the country’s Islamist-led government, expressing deep mistrust of Damascus despite a fragile U.S.-backed ceasefire.
High-level diplomatic consultations were held in Istanbul, Türkiye, on Monday as Ankara seeks to solidify the fragile progress of the Gaza ceasefire and accelerate the delivery of life-saving assistance to the strip.
Several people, including children, were reported missing in New Zealand's north island on Thursday after a landslide struck a coastal campsite amid heavy rain that caused evacuations of people to safety, road closures and widespread power outages.
At least four people were killed on Tuesday as floods swept across Tunisia during the worst torrential rain for more than 70 years in some regions, and there were fears the death toll could rise, authorities said.
The world has already entered an era of global water bankruptcy, with irreversible damage to rivers, aquifers, lakes and glaciers pushing billions of people into long-term water insecurity, according to a major United Nations report released on Tuesday.
Chilean President Gabriel Boric declared a state of catastrophe in two southern regions of country on Sunday as raging wildfires forced at least 20,000 people to evacuate and left at least 19 people dead.
A landmark global treaty to safeguard biodiversity in the high seas came into effect on Saturday, providing countries with a legally binding framework to tackle threats and meet a target to protect 30% of the ocean environment by 2030.
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