EU climate chief: COP30 draft agreement brings progress and setbacks

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Draft COP30 agreement a 'mixed bag' - EU climate chief
The nine-page "Global Mutirão" document came after Brazil urged delegates to work day and night to produce an agreement by midweek

Under the Amazon Sky: COP30, Compromise and the Politics of Tomorrow

Belém sits where the Amazon unfurls into the Atlantic — a city built on waterways, markets and the pulsing, humid breath of the rainforest. I arrived at dawn to find diplomats in dark suits navigating the same wooden sidewalks where vendors hawk steaming bowls of tacacá and carts sell glistening açaí. The air here seems to demand another kind of conversation: one that remembers trees and tides, not just emissions statistics and bullet points.

And yet, amid the color and clamour, the two-week COP30 summit has become a tightly wound theatre of international bargaining. Brazil, the host, has moved with surprising boldness. Its negotiators announced a two-stage negotiating gambit — an early package on items previously thought too contentious for the agenda, and a second sweep to tidy up remaining disputes by the end of the week. It is a daring approach, and it has set the whole summit buzzing.

What’s on the table

At the heart of the talks are the things that have been thorny for years: how rich countries will finance the global energy transition, whether and how the world will phase out fossil fuels, and how to close the yawning gap between pledges and what scientists say is needed to avoid catastrophic warming.

“We are not here to reopen deals that only muddle progress,” said one senior European negotiator, leaning on a balcony above the port. “But we are also realistic: timelines and trust matter. People on the front lines of climate change don’t have the luxury of patience.”

The draft text released by the presidency reads like an anatomy of compromise. It offers three divergent tracks on fossil fuels: an optional workshop on low-carbon solutions; a ministerial roundtable to chart pathways out of dependency on oil and gas; or, in another corner, the choice to leave the text blank. The very presence of those options shows how far the parties remain from consensus — and how much symbolic weight the term “phaseout” still carries.

Money, promises, and the politics of finance

Finance is the Gordian knot. Wealthy nations still hover around a long-broken promise to mobilise $100 billion a year for climate action in developing countries — a benchmark first set in 2009. That shortfall has become a litmus test of trust, especially for small island states and low-lying nations that face existential threats from sea-level rise.

“You cannot ask us to stop burning fossil fuels when you have not yet fulfilled the financial commitments that make that possible,” said Ana Tutu, a negotiator from a Pacific island state, with an urgency that made the room hush. “This is survival, not charity.”

From the European side, Wopke Hoekstra, the bloc’s climate chief, has been firm. “We are not reopening last year’s hard-won compromises on finance,” he said in an exchange on the margins. “And we will not be lured into a phony conversation about trade measures that distracts from delivering real money and real projects on the ground.”

As the world faces a warming pathway that, under current policies, still trends well above 1.5C, the politics of finance is more than accounting. It’s a question of capability, credibility and moral authority.

Voices from the riverbank

Outside the conference halls, Belém’s markets and riverfront tell stories that echo the negotiations — and often contradict them. A mango seller with sun-creased hands scoffed when I asked whether the summit felt relevant to everyday life. “They talk about ‘loss and damage.’ We already live that,” she said, pointing toward the waterline where newer houses stand on stilts. “We need promises that help us rebuild before the next tide.”

At the Ver-o-Peso market, an elderly fisher named João spoke of changes he’s observed over decades: “Rain comes wrong now. The river doesn’t behave like before.” His voice carried the precise, unquantifiable knowledge that rarely makes it into negotiating rooms but that scientists increasingly corroborate.

And yet there is cautious optimism. “If we leave Belem with a clear process — not platitudes — then this summit will have served its purpose,” said Dr. Laila Mendes, an environmental economist. “What matters is that finance aligns with technical support and technology transfer. Money without capacity building is like a net with holes.”

The broader context

Globally, the science is not patient. Atmospheric CO2 concentrations have now passed 420 parts per million, and the most recent UN assessments have warned that current policies are on track for warming well above 2C by the end of the century unless action deepens quickly. Fossil fuel combustion still accounts for roughly 80–85% of global CO2 emissions, and the 15 largest emitters together contribute the majority of greenhouse gases — with China, the United States, India and the EU alone responsible for a sizable share.

Those numbers land in a geopolitical arena where some oil-producing states push back against language that could be read as a binding commitment to reduce fossil fuel production. Their resistance illustrates a deeper truth: climate policy is not just about science or morality, it’s also about livelihoods, geopolitics and national budgets.

Can Belem produce a deal? And should it?

There is a peculiar alchemy to hosting a climate summit on Amazonian soil. The symbolism is potent — the world’s lungs watching the world’s powers negotiate. Brazil’s president, Luiz Inácio Lula da Silva, and UN Secretary-General António Guterres have signalled they want to use the platform to “strengthen climate governance and multilateralism.” But summits follow the messy logic of politics: midnight sessions, last-minute brackets, and negotiators who get better at compromise the longer they stay awake.

“They’ve boxed all the lightning rod issues in one room,” one observer told me, describing the scene backstage. “And every time a discussion gains momentum, someone else steers it away by bringing up something else. It’s a choreography as much as it is diplomacy.”

That choreography raises a pointed question for readers far from the Amazon: what do you expect from global summits? Is the symbolic value of bringing leaders to a place like Belém enough if the text that leaves is a careful, watered-down mosaic of options? Or do you want bold, legally binding commitments even if they risk pushing some parties away?

Where we go from here

By design, COP30 must translate high drama into practical outcomes: clearer roadmaps for fossil-fuel transition, transparent finance commitments that rebuild trust, and mechanisms to close the emissions gap. Whether Belem will produce that translation remains to be seen. What is already apparent is that the summit is forcing a conversation where words like “phaseout” and “finance” are not abstract—they are livelihoods, budgets, and futures.

And if nothing else, the meeting shows the human texture of climate politics: the vendor who needs resilient housing, the negotiator balancing domestic pressure, the scientist pointing at a chart, the young activist chanting outside. All of them are a reminder that the climate crisis is at once a global problem and an intimate story of place.

So when the delegates reconvene tonight under the same low sky that muffles the sound of cargo boats and market calls, listen for the river. It may remind them — as it reminded me — that the path forward must be anchored in reality, and that delaying action has a cost we are already starting to pay.