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

EUR -
AED 4.177611
AFN 75.068136
ALL 93.600987
AMD 417.107118
AOA 1042.995504
ARS 1702.657162
AUD 1.627297
AWG 2.050163
AZN 1.932764
BAM 1.952383
BBD 2.291121
BDT 140.424257
BHD 0.428912
BIF 3395.13765
BMD 1.1374
BND 1.46749
BOB 12.802989
BRL 5.824508
BSD 1.137524
BTN 109.045484
BWP 15.618286
BYN 3.263318
BYR 22293.031134
BZD 2.287816
CAD 1.60612
CDF 2570.522996
CHF 0.931539
CLF 0.027236
CLP 1072.067528
CNY 7.702586
CNH 7.694872
COP 3654.919706
CRC 517.696306
CUC 1.1374
CUP 30.141088
CVE 110.754303
CZK 24.161552
DJF 202.138421
DKK 7.47528
DOP 66.195074
DZD 151.365465
EGP 57.679352
ERN 17.060993
ETB 181.955485
FJD 2.536685
FKP 0.853775
GBP 0.855728
GEL 2.985653
GGP 0.853775
GHS 13.244983
GIP 0.853775
GMD 84.16787
GNF 9969.307167
GTQ 8.679772
GYD 237.903081
HKD 8.919544
HNL 30.453898
HRK 7.536368
HTG 148.703038
HUF 359.679796
IDR 20553.719746
ILS 3.475662
IMP 0.853775
INR 109.006781
IQD 1489.993407
IRR 1563924.377948
ISK 142.800262
JEP 0.853775
JMD 179.965061
JOD 0.806427
JPY 186.185226
KES 147.236707
KGS 99.46526
KHR 4595.094055
KMF 493.630963
KRW 1667.325445
KWD 0.352838
KYD 0.947979
KZT 540.541674
LAK 25762.100186
LBP 101854.129895
LKR 382.510605
LRD 206.466444
LSL 19.14263
LTL 3.358445
LVL 0.688002
LYD 7.285047
MAD 10.648908
MDL 19.992804
MGA 4899.354451
MKD 61.42251
MMK 2388.014822
MNT 4084.995148
MOP 9.188422
MRU 45.553262
MUR 53.844427
MVR 17.572664
MWK 1975.662695
MXN 19.843596
MYR 4.649464
MZN 72.700866
NAD 19.142715
NGN 1552.356737
NIO 41.696814
NOK 10.993598
NPR 174.465685
NZD 1.968992
OMR 0.437331
PAB 1.137529
PEN 3.870002
PGK 4.998869
PHP 70.175848
PKR 316.026407
PLN 4.320532
PYG 6878.961798
QAR 4.144855
RON 5.233222
RSD 117.427424
RUB 88.742525
RWF 1667.427737
SAR 4.262619
SBD 9.191445
SCR 16.526612
SDG 683.005581
SEK 11.062826
SGD 1.468616
SLE 27.553518
SOS 650.021978
SRD 42.915236
STD 23541.874236
STN 24.96592
SVC 9.953581
SZL 19.142846
THB 38.242781
TJS 10.499841
TMT 3.980898
TND 3.370135
TRY 53.853935
TTD 7.725548
TWD 36.74415
TZS 2998.757331
UAH 51.087996
UGX 4271.581055
USD 1.1374
UYU 45.68006
UZS 13654.481435
VES 843.155877
VND 29930.669097
VUV 135.451013
WST 3.135038
XAF 654.836941
XAG 0.019449
XAU 0.000279
XCD 3.073879
XCG 2.050112
XDR 0.813729
XOF 654.004647
XPF 119.331742
YER 271.326574
ZAR 19.0571
ZMK 10237.960466
ZMW 21.255457
ZWL 366.24219
  • CMSC

    -0.0450

    21.68

    -0.21%

  • BCC

    0.0650

    77.905

    +0.08%

  • RBGPF

    -0.7300

    66

    -1.11%

  • CMSD

    0.0050

    21.985

    +0.02%

  • JRI

    -0.1300

    12.93

    -1.01%

  • RIO

    0.0950

    91.315

    +0.1%

  • NGG

    -1.0000

    81.3

    -1.23%

  • BCE

    0.0750

    21.375

    +0.35%

  • RYCEF

    0.8000

    18.87

    +4.24%

  • AZN

    0.2350

    169.495

    +0.14%

  • GSK

    0.7250

    52.075

    +1.39%

  • VOD

    0.6890

    15.839

    +4.35%

  • BTI

    -0.1450

    60.815

    -0.24%

  • RELX

    1.4650

    35.875

    +4.08%

  • BP

    -1.1750

    42.645

    -2.76%

EU in last-ditch push to seal climate targets before COP30
EU in last-ditch push to seal climate targets before COP30 / Photo: Nicolas TUCAT - 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.

R.Rous--TPP