Article

COP30: Core issues remain unresolved

Pradeep Singhvi
By:
Pradeep Singhvi
Renewable energy
Failure to define adaptation finance and to secure a clear fossil fuel commitment sends a troubling message to markets, regulators and investors that geopolitical comfort still outranks ecological necessity
Contents

COP30 in Belém, Brazil, has forced the world into an uncomfortable but necessary confrontation: either climate diplomacy evolves into a system of verifiable action, or it collapses into a theatre of polite failure. A summit held in the heart of the Amazon should have produced the clearest and strongest mandate to phase out fossil fuels, yet the initial draft text scrubbed them out entirely. That omission was not a clerical error; it was a symptom of a global order where short-term national comfort consistently prevails over planetary survival. The backlash from climate-vulnerable nations and the EU was both predictable and justified. When the world’s largest source of emissions cannot be acknowledged in a climate agreement, what credibility does the process still command?

India’s national statement cut through this haze of diplomatic ambiguity with rare directness. Union Environment Minister Bhupender Yadav’s message was not rhetorical; it was structural. Developed nations must peak and decline far earlier than their comfortable timelines. Climate finance must scale from billions to trillions, real, additional, concessional and trackable. Technology must be accessible without intellectual property barriers that punish the Global South for a crisis it did not create. India’s point was simple and urgent: ambition without integrity is not ambition at all.

The credibility of that message is strengthened by India’s own record. Between 2005 and 2020, we achieved a 36 per cent reduction in the emission intensity of our GDP, and this trajectory remains steady. Today, non-fossil sources make up more than half of our total installed power capacity, allowing us to meet our updated NDC commitment five years ahead of schedule. India demonstrates that climate responsibility and economic aspiration can reinforce each other. Over two billion saplings planted through community-led action show what climate participation looks like outside air-conditioned negotiation halls. Initiatives such as the International Solar Alliance, the Global Biofuel Alliance, the Green Hydrogen Mission and renewed nuclear push underline truth wealthy nations rarely admit. Climate leadership is not a privilege of income; it is a function of intent.

Modest gains

Yet even the world’s strongest performers cannot compensate for sys-temic weakness. The final Mutirão Agreement from Belém may have de-livered modest gains, including the decision to triple adaptation fi-nance, the creation of a Just Transition Mechanism, the launch of the Global Implementation Accelerator and Brazil’s announcement of the$7 billion Tropical Forests Forever Facility. But the core issue remains unresolved. The summit refused to name fossil fuels. Adaptation fi-nance remains undefined. The New Collective Quantified Goal is still awork-stream rather than a commitment. These gaps are not technical; they represent a widening fracture in global climate politics. The Global South continues to absorb the worst impacts despite contributing the least. Meanwhile, developed economies refine the art of climate speech-making while outsourcing production and emissions to developing nations, a carbon arbitrage that distorts responsibility and delays action.

The Amazon, collapsing under deforestation, drought and fires, is the world’s most visible governance test. If nations cannot protect the largest tropical carbon sink while negotiating under its canopy, what hope remains for ecosystems that do not command international headlines? COP30’s failure to secure a clear fossil fuel commitment sends a troubling message to markets, regulators and investors that geopolitical comfort still outranks ecological necessity. But climate physics is not interested in diplomatic timelines. The 1.5 degree Celsius threshold is not an aspirational slogan; it is the line between disrupted coastlines and erased homelands.

Private sector moving ahead

As global clean energy investments hit $2 trillion, surpassing fossil fuel investments for the first time, the private sector continues to accelerate the transition despite geopolitical oscillations. Markets are signalling what diplomacy is unable to articulate: fossil dependence has entered its terminal phase. For India, this shift is not merely an opportunity; it is a responsibility. The transition to 500 gigawatts of non-fossil capacity by 2030 requires more than infrastructure. It demands a climate finance architecture that is fair and flexible, carbon markets that are credible rather than speculative and technologies such as carbon capture, utilisation and storage that are not trapped behind paywalls. Growth must be aligned with sustainability and policy must be aligned with scientific urgency.

The global climate moment is precarious. The world has exhausted its diplomatic runway. COP30 will be remembered either as the summit where governments regained moral clarity or as the moment when multilateralism buckled under its own contradictions. What determines its legacy will not be the text inserted into the final document, but the decisions leaders take when the applause fades. If countries once again choose delay over delivery and rhetoric over responsibility, then Belem will be recorded as the summit where humanity knowingly looked away.

The world has no excuse left. The science is unambiguous, the economics compelling, the technologies available and the consequences visible. What is missing is not capacity but courage. As India pushes ahead with a transition rooted in equity, innovation and real-world pragmatism, the message from Belém should resonate across every boardroom and cabinet. This decade is the final window where leadership can still matter. Beyond that, the climate will lead, and humanity will follow.

This article first appeared in the businessline on 27 November 2025.

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