The current draft agreement at the COP30 climate summit is so unambitious regarding CO2 reductions that the EU cannot accept it. If the trend from Friday's draft continues, it will end up with the EU not concluding an agreement. This is what the EU's climate commissioner, Wopke Hoekstra, told Ritzau on Friday morning Brazilian time.
- What is on the table is unacceptable, and we are so far from where we should be that we unfortunately have to say that we are looking at a "no deal" scenario, he says.
Friday is the last official day of negotiations at the COP30 climate summit, which is taking place in the Brazilian rainforest city of Belém. On Friday night Brazilian time, the presidency published a draft agreement.
This does not outline a clear roadmap for transitioning away from fossil fuels, which the EU and a coalition of over 80 countries otherwise demand. This is causing the EU to signal that it has hit a red line.
- We will do our best, but we cannot accept something that sets such a low standard, which is much lower than the world needs, says Wopke Hoekstra.
This year's climate summit has as its theme that the world's countries must submit new climate targets for 2035. Here it is clear that the world's climate targets are not on track to keep the global temperature increase to 1.5 degrees, as the Paris Agreement dictates.
The EU and a coalition of over 80 countries have demanded that the summit deliver an answer to this. Now the parties will try to use Friday to negotiate their demands into the final agreement text.
- What we have now is unacceptable. At the same time, it's not over until it's over, so we're doing our best to increase the ambitions for mitigation (CO2 reductions, ed.), says Wopke Hoekstra.
Concito: Long road to agreement
While the EU's crucial requirement is that the agreement shows the way away from fossil fuels, developing countries want commitments to more climate finance in return.
Conversely, the EU will only cough up additional financing if it is promised an agreement that addresses the lack of CO2 reductions.
Friday's draft agreement text does not even contain the word "fossil". But it does contain the developing countries' demand to triple the amount for financing climate adaptation. The road to an agreement may be long, estimates the think tank Concito.
- There are a number of countries that feel that they give a lot and get nothing. That is not the way to a good compromise, says Jens-Mattias Clausen, program manager at the green think tank Concito for EU and global climate policy.
/ritzau/
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