COP30: progress against the odds

Key takeaways

• COP30 signalled the continued importance of multilateralism in combating climate change; however, there was little progress towards agreeing on a plan to phase out fossil fuels or end deforestation.

• Increasingly, governments are turning to carbon markets as a key mechanism to raise ambition and funnel vital climate finance to developing countries.

• While Article 6 was not scheduled for formal negotiations, delegates still discussed issues from governance to transparency, with, fortunately, no significant changes made to the rulebook.