Fight Over Fossil Fuels Drawdown Looms At UN Climate Summit [Barron's]
MITSUI O.S.K. LINES U/ADR (MSLOY)
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The fires were lit when Brazilian President Luiz Inacio Lula da Silva, addressing world leaders ahead of the UN climate talks, called for a more concrete plan to "overcome dependence on fossil fuels." Advertisement - Scroll to Continue This strong and unexpected political support has motivated a coalition of nations at COP30 hoping to advance the fossil fuel phase out, despite stiff opposition. The so-called "roadmap" is not officially on the COP30 agenda -- but a concerted diplomatic push is underway to change that. Countries including France, Colombia, Germany and Kenya are working with others to get fossil fuels "in the overall negotiated package," said a source from the French delegation at COP30. These countries want a consensus decision by the nearly 200 nations in Belem, a signal that would carry far greater global heft than a declaration signed only by the nations on board with the roadmap goal. Advertisement - Scroll to Continue "Our priority for the coming day
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