The Kingdom of Saudi Arabia leads the group of countries dissatisfied with the course of negotiations on financing at the COP30 Conference, the United Nations Climate Change Conference, and the impasse between rich countries and countries with smaller economies led to the postponement of a decision on this issue that was scheduled for Wednesday (12).
Panorama has been reported to BoundAnonymous by three people following the negotiations.
According to them, since last Tuesday (11) there was already a feeling that more time was needed to reach a consensus.
The decision expected on Wednesday should address the main obstacle facing all recent climate negotiations: the resistance of rich countries to meet demands from poorer countries for greater financing.
Ambassador André Correa do Lago, President of the 30th session of the Conference of the Parties, said on Wednesday that the document that will summarize the results of the consultations on the four proposed agenda items will only be presented on Saturday (15).
The four items are: financing for developing countries, transparency reporting, response to the crisis of Nationally Determined Contributions (the English abbreviation for Nationally Determined Contributions, as each country’s carbon emissions reduction targets in the Paris Agreement are called) and unilateral trade measures.
Correa do Lago stated that there are differences on certain topics. He cited as an example developing countries’ questions regarding developed country actions – specifically in the discussion on financing the energy transition in small islands, which seeks to prioritize this topic.
“It’s normal for them to have different attitudes,” he said. The ambassador denied that there were heated debates, and said that the disagreement was normal. “Of course there is disagreement, but the issues are really very complex.”
Anna Toni, CEO of COP 30, stated that the negotiations are going well, but the delegations of some countries want to check the possibilities of rapprochement with their governments. “So they also need time to negotiate within their countries,” he added.
According to her, this situation was observed in all four points proposed for discussion. He said that among the countries that requested more time for discussion were some African and Arab countries.
However, Lago stated that delegations were deepening their talks and that the working environment was “very positive.” “The talks are going really well, in the sense that everyone wants to suggest ideas,” he said. “It has been a long time since we have had conversations as willingly as we do now.”
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