GSM Shamsuzzoha (Nasim)
The Brazilian Presidency of the 30th Conference of Parties (COP30) has today released a crucial draft text for the final agreement, a high-stakes document dubbed the "Global Mutirão" (Global Collective Effort).
The text is designed to serve as the overarching cover decision for the summit, strategically grouping the four most contentious issues— Finance, Ambition, Transparency, and Trade—into a single, integrated package aimed at "keeping 1.5% within reach."
The move marks a pivotal moment in the talks, shifting negotiations from technical working groups to the final, high-level political arena where ministers must now agree on firm language.
Finance: The Lifeblood for Bangladesh
For climate-vulnerable nations like Bangladesh, the financial options are the most critical. The draft text "calls for" the accelerated provision of climate funding by developed nations. Crucially, in paragraph 56, it presents options for tripling adaptation finance, a key demand of the developing world that is struggling to implement its National Adaptation Plan (NAP).
The need for adaptation funding is paramount for Bangladesh, which faces escalating threats from sea-level rise and cyclones. The option to triple this finance is a vital lifeline that Dhaka and its allies will fight to solidify in the final decision.
Ambition: Roadmaps for the Future
On ambition, the draft offers a menu of choices to close the global emissions gap. Options in paragraph 44 include the creation of an annual COP discussion on collective progress, a voluntary "global implementation accelerator," or a more robust "Belém roadmap to 1.5%."
A central flashpoint remains paragraph 35: one option calls for all countries to present national roadmaps on fossil fuels and deforestation, which would mark a historic global agreement on transition. However, a competing option is simply "no text," a line favoured by some major fossil fuel-producing nations.
Transparency and Trade
The inclusion of Transparency and Trade underscores the Presidency's push for a truly comprehensive deal. Enhanced transparency reporting aims to ensure that every country, especially major emitters, is held strictly accountable for their climate pledges. By integrating trade, the text addresses the contentious debate over how global commerce rules can either support or hinder climate action, seeking a pathway that supports the economic transition of developing economies.
The clock is now ticking, with the Presidency pushing parties to finalise this comprehensive decision in the coming days.
