The Fort Worth Press - EU in last-ditch push to seal climate targets before COP30

USD -
AED 3.672998
AFN 62.999712
ALL 80.627789
AMD 363.379532
ANG 1.790365
AOA 917.999944
ARS 1519.7392
AUD 1.426116
AWG 1.8
AZN 1.695095
BAM 1.71977
BBD 2.014306
BDT 123.289177
BGN 1.683441
BHD 0.377028
BIF 3012.807267
BMD 1
BND 1.279847
BOB 12.085376
BRL 5.194799
BSD 1.000119
BTN 95.910598
BWP 13.673072
BYN 3.044111
BYR 19600
BZD 2.011325
CAD 1.41407
CDF 2310.000342
CHF 0.82842
CLF 0.024395
CLP 963.230249
CNY 6.71135
CNH 6.71684
COP 3352.38
CRC 454.67135
CUC 1
CUP 24.002321
CVE 96.957999
CZK 21.46965
DJF 177.71987
DKK 6.57683
DOP 59.432581
DZD 133.895063
EGP 51.746697
ERN 15
ETB 163.34979
EUR 0.87974
FJD 2.24975
FKP 0.754629
GBP 0.756885
GEL 2.615034
GGP 0.754629
GHS 11.590355
GIP 0.754629
GMD 73.999974
GNF 8795.817964
GTQ 7.637756
GYD 209.235666
HKD 7.84282
HNL 26.840946
HRK 6.630199
HTG 130.885334
HUF 322.035028
IDR 17992
ILS 3.04725
IMP 0.754629
INR 96.00585
IQD 1310.172301
IRR 1374575.000224
ISK 120.700451
JEP 0.754629
JMD 157.732063
JOD 0.708995
JPY 158.885499
KES 129.45031
KGS 87.449701
KHR 4068.37186
KMF 432.99968
KPW 900.000318
KRW 1369.674965
KWD 0.30892
KYD 0.833348
KZT 441.759759
LAK 22415.75627
LBP 89553.909393
LKR 330.087184
LRD 172.006612
LSL 16.429705
LTL 2.95274
LVL 0.60489
LYD 6.396131
MAD 9.575819
MDL 17.795832
MGA 4384.028981
MKD 54.094692
MMK 2099.566963
MNT 3597.939506
MOP 8.078394
MRU 40.034469
MUR 47.780544
MVR 15.449742
MWK 1734.061354
MXN 17.714102
MYR 4.085397
MZN 63.910162
NAD 16.429561
NGN 1326.000231
NIO 36.808252
NOK 9.516295
NPR 153.46825
NZD 1.768145
OMR 0.3845
PAB 1.000066
PEN 3.388188
PGK 4.455485
PHP 62.830135
PKR 277.092073
PLN 3.85416
PYG 5926.499101
QAR 3.6455
RON 4.641898
RSD 103.380959
RUB 84.99923
RWF 1479.504809
SAR 3.756357
SBD 8.000512
SCR 13.826008
SDG 601.49855
SEK 9.933165
SGD 1.280155
SHP 0.755002
SLE 24.649689
SLL 20969.491881
SOS 571.546649
SRD 37.695016
STD 20697.981008
STN 21.542912
SVC 8.750973
SYP 13002.000254
SZL 16.42566
THB 33.486502
TJS 9.215477
TMT 3.51
TND 2.958465
TOP 2.40776
TRY 48.85422
TTD 6.801985
TWD 31.844797
TZS 2644.997988
UAH 45.026248
UGX 3925.206526
UYU 40.068936
UZS 11810.999389
VES 852.43145
VND 25992
VUV 118.51472
WST 2.751818
XAF 577.071722
XAG 0.01574
XAU 0.000234626123
XCD 2.70255
XCG 1.802315
XDR 0.707052
XOF 577.071722
XPF 104.867465
YER 236.650277
ZAR 16.4476
ZMK 9001.207865
ZMW 19.450905
ZWL 321.999592
SSP 5712.591861
MXV 2.007522
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

EU in last-ditch push to seal climate targets before COP30
EU in last-ditch push to seal climate targets before COP30 / Photo: © AFP

EU in last-ditch push to seal climate targets before COP30

EU environment ministers Tuesday launched a last-ditch bid to reassert the bloc's climate ambitions by nailing down key emissions targets in the run-up to the UN's COP30 summit in Brazil.

Text size:

The European Union's member states have been haggling for months over two separate targets for slashing greenhouse-gas emissions: one for 2035 they must bring to the UN climate talks, and the other for 2040.

"This is a crucial day," French Environment Minister Monique Barbut told reporters as the final negotiations began in Brussels -- warning that turning up empty-handed at the November 10-20 talks in Belem would spell "disaster" for the EU.

Behind only China, the United States and India in terms of emissions, the EU has been the most committed of the major polluters to climate action and has already cut emissions by 37 percent compared to 1990.

But after blazing a trail, the EU's political landscape has shifted right, and climate concerns have taken a back seat to defence and competitiveness -- amid concerns in some capitals that greening Europe's economy is harming growth.

"It takes 27 to tango," summed up the bloc's environment chief Wopke Hoekstra as he headed into Tuesday's talks.

The most urgent challenge for ministers is to reach a unanimous deal on an EU emissions target for 2035, known as a Nationally Determined Contribution (NDC), which Paris Agreement signatories are supposed to bring to the COP30.

"The decision is today," German Environment Minister Carsten Schneider declared on arrival. "I want our heads of state and government to go to Brazil with a very strong mandate, a clear leadership role for Europe."

Beyond the Belem target, the EU hopes to lock in the support of a weighted majority of countries for the next big climate target set out by the European Commission on the path to carbon neutrality by 2050.

The EU executive said in July it wanted to cut emissions by 90 percent by 2040, compared to 1990 levels -- a major step towards net-zero.

But the bloc's capitals have yet to endorse that next step, which would require sweeping changes to industry and daily life at a time of growing concern over adverse impacts on Europe's economy.

Spain and the Nordic countries support the 2040 proposal, as does Germany -- with some caveats. But Hungary, Poland, the Czech Republic and Italy remain opposed, citing risks to their industrial sectors.

Heavyweight France, meanwhile, has kept observers guessing on its position -- demanding guarantees its nuclear sector would not lose out under green transition plans and wiggle room on emissions should Europe's forests absorb less carbon than expected.

- 'Not pretty' -

To win over the staunchest sceptics, Tuesday's talks will cover a range of "flexibilities" for member states, including letting countries count carbon credits purchased to finance projects outside Europe.

A commission pledge for credits to account for up to three percent of a nation's 2040 emission cuts failed to win over hardliners, with countries including France pushing for a higher threshold of five percent.

Some countries also want a clause allowing the 2040 target to be reassessed every two years.

Environmental groups have accused states of undermining the bloc's climate ambitions with loopholes.

But a diplomat involved in the process defended the compromise shaping up in Brussels, while conceding it was "not necessarily pretty".

"In the muddy, messy, nasty real world out there, we are trying to achieve something good," said the diplomat, granted anonymity to discuss the sensitive deliberations.

With the clock ticking down to COP30, EU countries in September agreed to a non-binding "statement of intent" for the bloc to cut emissions by between 66.25 percent and 72.5 percent by 2035.

To avoid deadlock, ministers are expected Tuesday to formalise that range as the bloc's legally binding NDC under the Paris Agreement.

The EU insists it remains committed to its role as global climate leader, having mobilised 31.7 billion euros ($36.6 billion) in public climate finance in 2024, making it the world's largest donor.

T.Mason--TFWP