COP30 Ends on a Whimper as Belém Declaration Skips Fossil Fuels

The summit set a target to mobilize $1.3 trillion a year by 2035 for climate action

November 25, 2025

/ Markets & Policy, Other, Renewable Energy

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The UNFCCC COP30 climate summit in Belém, Brazil, ended without any mention of fossil fuels, after oil-producing countries Russia and Saudi Arabia blocked a deal to phase out coal, oil, and gas. India joined the naysayers, while the European Union (EU) and the UK made a strong pitch for a transition roadmap.

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B.S. Nagaraj

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COP30 Ends on a Whimper as Belém Declaration Skips Fossil Fuels

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