Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Renewable energy and EV growth have far exceeded 2015 forecasts – Oil & Gas 360

November 25, 2025

TotalEnergies completes divestment of 12.5% Bonga field stake in Nigeria for $510 million

November 25, 2025

OPEC Again Faces Thorny Issue of How Much It Can Pump

November 25, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » End of fossil fuel era inches closer as Cop30 deal agreed after bitter standoff | Cop30
Climate Commitments

End of fossil fuel era inches closer as Cop30 deal agreed after bitter standoff | Cop30

omc_adminBy omc_adminNovember 22, 2025No Comments6 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The world edged a small step closer to the end of the fossil fuel era on Saturday, but not by nearly enough to stave off the ravages of climate breakdown.

Countries meeting in Brazil for two weeks could manage only a voluntary agreement to begin discussions on a roadmap to an eventual phase out of fossil fuels, and they achieved this incremental progress only in the teeth of implacable opposition from oil-producing countries.

The talks were hauled back from the brink of collapse in an all-night session into Saturday morning, after a bitter standoff between a coalition of more than 80 developed and developing countries, and a group led by Saudi Arabia and its allies, and Russia.

There was disappointment from campaigners, but relief that the talks had produced at least some progress. Developing countries achieved part of their goal at the fortnight of global talks, which was a tripling of the financial support available from rich countries to help them adapt to the impacts of the climate crisis. They will receive $120bn a year for adaptation, from the $300bn developed countries pledged to them last year, but not until 2035, instead of the 2030 deadline they were demanding. Many had also hoped the increase would be on top of the $300bn.

A roadmap to the halting of deforestation was dropped from the final deal, a bitter disappointment for nature advocates at this “rainforest Cop” held in Belem, near the mouth of the Amazon river.

The agreement among 194 countries – excluding the US, which did not send a delegation – was reached in the early morning after 12 hours of non-stop extra time talks among ministers in deserted conference halls, and finalised at a closing meeting at 1.35pm, after negotiations were hauled back from the brink of collapse on Friday evening.

Jennifer Morgan, the Cop veteran and former German climate envoy, said: “While far from what’s needed, the outcome in Belem is meaningful progress. The Paris agreement is working, the transition away from fossil fuels agreed in Dubai [at the Cop28 talks in 2023] is accelerating. Despite the efforts of major oil-producing states to slow down the green transition, multilateralism continues to support the interests of the whole world in tackling the climate crisis.”

Mohamed Adow, director of the Power Shift Africa thinktank, said: “With an increasingly fractured geopolitical backdrop, Cop30 gave us some baby steps in the right direction, but considering the scale of the climate crisis, it has failed to rise to the occasion. Despite calling themselves climate leaders, developed countries have betrayed vulnerable nations by both failing to deliver science-aligned national emission reduction plans.”

Poor countries must be supported to cope with a crisis not of their making, said Ali Mohamed, special climate envoy for Kenya. “The 30th Cop [conference of the parties under the 1992 UN Framework Convention on Climate Change] has reaffirmed both the urgency of climate action, and the disproportionate risks faced by the most vulnerable. Kenya and Africa stand ready to lead in the transition to clean energy, but resilience and adaptation cannot remain afterthoughts for a continent responsible for less than 4% of global greenhouse gas emissions,” he said. “Developed countries must finally honour their finance commitments.”

Efforts to limit global heating to 1.5C above preindustrial levels, in line with the goals of the Paris agreement, were also addressed in the final text, but less robustly than vulnerable countries had hoped. Ahead of the conference, countries were supposed to present new national plans on cutting emissions, but they fell drastically short of the commitments needed to maintain the 1.5C limit, which has already been breached but which analysts say could be returned to.

Instead of censuring this failure, the conference agreed to set up an “accelerator” programme to address the shortfall in the nationally determined contributions (NDCs), which will report back at next year’s Cop, to be held in Turkey but presided over by Australia. The text exhorted countries to “full implementation of NDCs while striving to do better”.

The final deal also recognised the “just transition” that social justice campaigners have been calling for, which means helping workers affected by the move away from fossil fuels and towards clean energy. But key provisions on the exploitation of “critical minerals” – which has been accompanied by soaring human rights abuses in some countries – were blocked by China and Russia.

Insiders told the Guardian the talks came close to foundering on Friday, after a hectic few weeks in Brazil that began with a summit of world leaders, held by Brazil’s president Lula da Silva and attended by about 50 heads or deputy heads of state.

High-level ministers from Jamaica, Cuba and Mauritius all spoke there of the devastating impact of hurricane Melissa. “We did not create this crisis, but we refuse to stand as victims,” said Matthew Samuda, the country’s economic growth minister.”

UN secretary-general António Guterres warned of temperature rises that would “push ecosystems past irreversible tipping points, expose billions to unliveable conditions, and amplify threats to peace and security”.

But after the leaders left and Cop30 formally began on Monday 10 November, discussions among ministers and high-ranking officials degenerated into a bitter standoff. A fire near the delegation offices on Thursday afternoon, in which no one was seriously hurt, forced evacuation of the conference centre and disrupted negotiations at a crucial stage.

When they resumed late on Thursday evening, the rift was clear: more than 80 countries had declared in favour of including a commitment to “transition away from fossil fuels” in the final outcome, but scores of countries – led by the Arab Group, which includes Saudi Arabia – lined up against it.

That opposition forced the relegation of the “transition away from fossil fuels” – which scientists say is essential to staving off the worst impacts of climate breakdown – to a voluntary commitment rather than the legally binding decision many had hoped for.

Teresa Anderson, the global lead on climate justice at ActionAid International, said: “A lack of climate finance is throwing a spanner in the works of climate progress. Global south countries, [which] are already carrying the costs of the climate crisis they have not caused, desperately need support from rich countries if they are to take on any more commitments. Nowhere was this more stark than on the issue of fossil fuels, where specific text once again ended up unfunded and on the cutting room floor.”

Carolina Pasquali, executive director of Greenpeace Brazil, said: “We must reflect on what was possible, and what is now missing: the roadmaps to end forest destruction, and fossil fuels, and an ongoing lack of finance. More than 80 countries supported a transition away from fossil fuels, but they were blocked from agreeing on this change by countries that refused to support this necessary and urgent step. More than 90 countries supported improved protection of forests. That too did not make it into the final agreement. Unfortunately, the text failed to deliver the scale of change needed.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

UK can create 5,400 jobs if it stops plastic waste exports, report finds | Plastics

November 25, 2025

‘Fossil fuel giants finally in the crosshairs’: Cop30 avoids total failure with last-ditch deal | Cop30

November 25, 2025

UK wildfires devastated more areas in 2025 than at any time since records began, figures show | Wildfires

November 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20074 Views
Don't Miss

TotalEnergies completes divestment of 12.5% Bonga field stake in Nigeria for $510 million

By omc_adminNovember 25, 2025

TotalEnergies has completed the sale of its 12.5% non-operated stake in Nigeria’s deepwater Bonga field,…

NatGas Immediate Term Volatility Risks Remain High

November 25, 2025

Taiwan Aligns Bond Rules With Global Standards for Blue and Biodiversity Finance

November 25, 2025

ASEAN Moves to Strengthen Adaptation Finance with New White Paper

November 25, 2025
Top Trending

Guest Post: Is Efficiency Misunderstood?

By omc_adminNovember 25, 2025

Over 80% of Investors Expect to Increase Allocations to Sustainable Investments: Morgan Stanley Survey

By omc_adminNovember 25, 2025

Sortera Raises $45 Million to Scale AI-Powered Metal Recycling Capacity

By omc_adminNovember 25, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20256 Views

Ring Founder on ‘Tough Day’ of AWS Outage: ‘We Got Through It’

October 24, 20253 Views
Our Picks

OPEC Again Faces Thorny Issue of How Much It Can Pump

November 25, 2025

Ukraine Hits Russian Black Sea Oil Infrastructure Again

November 25, 2025

The Career Center for Oil & Gas Professionals

November 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.