(MENAFN- UkrinForm) According to Ukrinform, Reuters reported this in an article.

Reuters stated that this year's UN climate conference concluded with an unreliable compromise that did not satisfy the key demands of most countries. The only significant point was a commitment by wealthy nations to triple spending to help others adapt to global warming.

Brazilian President Luiz Inacio Lula da Silva opened the conference by calling for agreement on a roadmap to advance the COP28 commitment to phase out fossil fuels.

However, wealthy oil-producing countries blocked concrete commitments, leaving the action plan voluntary. It is noted that nearly three-quarters of global greenhouse gas emissions come from coal, oil, and gas, and demand for them will continue to grow until 2050. This year's conference did not strengthen emissions reduction targets and did not regulate fossil fuel controls.

The main agreement reached by participants was the need to demonstrate global unity in climate negotiations, as well as the idea that wealthy countries must do the most to address environmental pollution.

Read also: Ukraine receives $177M for healthcare and fiscal management

In addition, about $9.5 billion in funding for forestry was announced, but the roadmap for achieving zero deforestation by 2030 remained unresolved. The final document sidelined emissions targets, leaving many issues unaddressed, Reuters adds.

As Ukrinform reported, on November 10 the UN Climate Conference (COP30) opened in Belem, Brazil.

Photo: Thomas MORFIN

MENAFN23112025000193011044ID1110386123