Cop30 live: Deal agreed at Cop after long negotiations | Cop30

Here’s a summary of the key outcomes of Cop30:

• Perhaps most of all, while getting close to collapse, the talks delivered a deal, showing multilateral cooperation between 194 states can work even in a world in geopolitical turmoil.

• Nations agreed to tripled funding for adaptation – the money provided by rich nations and desperately needed by vulnerable countries to protect their people – but the goal of roughly $120bn a year was pushed back five years to 2035.

• Fossil fuels were not mentioned in the key final decision – petrostates including Saudi Arabia and allies fought fiercely to keep that out.

• A commitment to a roadmap to transition away from fossil fuels was not part of the formal deal in Belém, but Brazil backed an initiative outside the UN process, building on plan backed by Colombia and about 90 other nations.

• There was a similar roadmap to end deforestation, also backed by about 90 nations. Cop30 was deliberately sited in the Amazon and the lack of significant measures in the key Cop30 text is a disappointment.

• However, Brazil did launch the Tropical Forests Forever Facility, again outside the UN process, but an investment fund that will pay nations to keep trees standing.

• A big outcome, welcomed by civil society, was the agreement of a Just Transition Mechanism, a plan agreed by all nations to ensure that the move to a green economy around the world takes place fairly and protects the rights of all people, including workers, women and indigenous people. Efforts early in the talks to attach funding to it failed.

• Pressure to address the huge gap between the emissions cuts pledged by nations and those needed to keep the overshoot of 1.5C to a minimum ended with weaker measures than progressive nations wanted – an “accelerator” programme to address the shortfall which will report back at next year’s Cop.