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Flooding in Kathmandu, Nepal, in September 2024


COP30 fails to agree a host of climate targets


Analysis: Brazil forum settles for range of vague commitments. Ian Taylor reports


The failure to agree binding targets on reducing fossil fuel use and increasing funding for adaptation to warming at the COP30 climate conference in Brazil was no surprise. But it means no long-term let-up


in the increasing climate extremes in destinations and disruption, deadly consequences and costs of heatwaves, wildfires, floods and droughts. COP30 ended at the weekend with


a voluntary agreement to curb fossil fuel use, an aspiration to treble funding available for adaptation in developing countries and vague commitments


48 27 NOVEMBER 2025


to “strengthen” climate targets. However, the 2035 date for


trebling adaptation finance was five years later than initially proposed and the ‘agreement’ provides no baseline year for comparison. This latest target comes after


COP26 in Glasgow in 2021 agreed adaptation funding of $40 billion a year by 2025. Yet a recent UN Environment Programme report revealed developed nations provided $26 billion in adaptation finance in 2023, down from $28 billion in 2022. It estimates the adaptation


costs required at $310 billion a year between now and 2035. The COP30 outcome aims to


keep “within reach” the 2015 Paris agreement to limit warming to 1.5C above pre-industrial levels. But the final summit statement noted the “carbon budget” for this is “being rapidly depleted” and the limit will likely be “overshot”. The statement did not even mention fossil fuels directly – in


Continued on page 46 travelweekly.co.uk


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