Delegates at the COP30 climate summit have struck a tentative agreement, sources said Saturday, after overnight negotiations helped resolve a lengthy standoff over emissions cuts and climate finance for developing countries.
The two-week conference, billed as a chance to show that nations can still join forces to tackle climate change despite the absence of the United States, had been scheduled to end on Friday but dragged into overtime as negotiators struggled to resolve the standoff.
Sources said the impasse was resolved after all-night negotiations led by host nation Brazil, though a final deal text had not yet been published and details of the compromise were not immediately clear.
The European Union had agreed not to stand in the way of a deal, two sources familiar with the matter told Reuters on Saturday morning.
The talks had been deadlocked over the balance between advancing the implementation of a 2023 promise to move away from fossil fuels, and wording around the flow of climate finance from developed nations to poorer ones.
