Column: Horner On COP30, Finance & More
[Opinion column written by Patrice Horner]
COP30 is a cacophony of politicians, academics, national government organizations [NGOs], and general observers. The indigenous people were really not at the table so they blocked the doors this week. The negotiations of the policy makers were halted until the group disbanded at the point of rifles and tanks. Today marked the end of the first week of negotiations. They had been disruptive inside as well.
There seems to be two major points of contention. One is involving Articles relating to financial transaction included in Article 6 of the Paris Agreement that drives the Climate Targets. Sections of Articles 6.1, 6.2, 6.4, and 6.8 were agreed in the last COP in Baku. Whereas, Article 6.2 is for government transactions only without disclosure, Article 6.4 is open to other investors with full transparency and standardization. The hosting country works to leave its impression in history. A revised Article 6.4 and successful implementation could serves as Brazil’s mark in history and open the door wide on Carbon Markets.
Second is a debate over who writes the policies and who enacts the rules. In a move of expert negotiations, according to UN Officials, it was agreed that industry can act on the Rules established in accordance with the Agreement as written. While, the governments are empowered to direct the interpretation of the Paris Agreement itself. As a result of the negotiation, the industry actions visa vi the Rules can direct the governmental National Defined Contributions [NDCs] that specify their intended reductions in Greenhouse Gases [GHG]. This closes the loop. There is still a week of negotiations, and the natives are restless.
Another significant move is the specific inclusion of Nature along with Climate in this UN endeavour. Companies are to report on the amount of carbon emissions in their direct business activities, their supply chain, and the products used by customers, referred to as Scope 1, 2, and 3 reporting. For smaller enterprises there are industry specific benchmarks that can be used.
What has become evident in the process is that everything in industry leads to nature. The thought is that not being nature-negative is encouraged. Enabling nature should be at the center of all business strategy. There is a duplicity in this, which negotiators are working to resolve. The expert Technical Negotiators are racing to close the Subsidiary Bodies’ papers by tonight to move closer to delivering the $1.3 trillion goal, where some $300 billion still needs to be committed.
- Patrice Horner from Belem Brazil
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Category: All, Environment
COP30 as with many other events leaves the indigenous persons out, protects the biggest destroyers of the earth and does little to see indigenous people as part of the solution and problem. Between COPs, environmental destroyers make events that make the next COP agenda.
The UN climate summit shall be officially called: CLEAR-CUT30! – ‘Tens of thousands of acres of protected Amazon rainforest were felled earlier this year to build a four-lane highway’ for UN climate summit – BBC
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Brazil to Clear Amazon Forest for Road Construction Ahead of COP30
Brazil is building a new four-lane road by cutting down thousands of protected Amazon rainforest acres for the COP30 climate summit near Belém. The road aims to ease traffic in the city, which is expected to host more than 50,000 people, including world leaders this November.
Brazil’s Para state has designated the new road built in the Amazon as “sustainable”, but the construction has generated outrage amongst locals over its environmental impact.
Critics have said that given the fact that the Amazon plays a crucial role in absorbing carbon for the world, deforestation for building a road contradicts the purpose of a climate summit. – ColombiaOne.
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Cruise Ships Arrive in Belém to Boost Accommodations for COP30
With investments of R$233 million in the requalification of the Outeiro Port, the terminal is ready to receive passengers starting Wednesday, November 5
The two cruise ships that will serve as floating hotels for COP30 delegations and other participants arrived at the Port of Outeiro in Belém (PA) on Tuesday, November 4. Together, the vessels will offer around 6,000 beds. Guests will be able to check in starting Wednesday, November 5.
The chartering of the ships (MSC Seaview and Costa Diadema) is part of the federal government’s strategy to expand lodging capacity in Belém during COP30. The goal is to ensure adequate and affordable accommodations for the thousands of conference participants, reinforcing Brazil’s commitment to an inclusive, sustainable, and successful COP.
The journey between the ships and Parque da Cidade, the venue for the conference, will take about 30 minutes. Transportation will be provided by official buses operating continuously and free of charge. Covering just under 20 km, the route includes dedicated BRT lanes and a newly inaugurated express bridge opened in October. Before the bridge was built, travel time was nearly double. – COP30 Brasil 2025
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CRAP30! Breaking News: UN demands no toilet paper in toilets! Urges delegates ‘not to flush toilet paper…in the toilets at the COP 30 venue …Please use the bins provided for disposal’ – COP Operations