{"id":312453,"date":"2025-11-27T15:47:09","date_gmt":"2025-11-27T15:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/312453\/"},"modified":"2025-11-27T15:47:09","modified_gmt":"2025-11-27T15:47:09","slug":"no-money-no-talk-analysts-disappointed-at-divisive-cop30-climate-summit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/312453\/","title":{"rendered":"\u2018No money, no talk\u2019: Analysts disappointed at divisive COP30 climate summit"},"content":{"rendered":"<p>Choo said global audiences tend to \u2013 but should not \u2013 underestimate Beijing\u2019s climate ambitions.\u00a0<\/p>\n<p>\u201cChina&#8217;s been quiet, but it\u2019s getting deal-making done. China is concerned about (climate) partially because of their own domestic environment \u2013 they want to clean up industries, decarbonise and electrify for their own sake,\u201d he added.\u00a0<\/p>\n<p>\u201cAnd what China is doing then has knock-on effects for other countries.\u201d\u00a0<\/p>\n<p>WHY IS IT SO HARD TO PHASE OUT FOSSIL FUELS?<\/p>\n<p>Analysts say the structural challenges behind fossil fuel dependence remain immense.<\/p>\n<p>\u201cThings aren&#8217;t black and white in the journey to green,\u201d said Johnstone.<\/p>\n<p>\u201cRight now, a lot of states are bankrolled on fossil fuels, so it&#8217;s unsurprising that any roadmap to their cessation can be seen as a challenge.\u201d<\/p>\n<p>Chin agreed, noting that countries are reluctant to commit to expedited fossil fuel phase-outs as clean energy transitions remain costly, and especially as the world\u2019s biggest emitters like the US and China have resisted doing so themselves.\u00a0\u00a0<\/p>\n<p>\u201cUnfortunately, many economies are following the Americans. Many countries find that if we drill more \u2026 oil prices will be stabilised. (Both) poor countries and the world&#8217;s biggest economies benefit from stabilised oil prices,\u201d he said.\u00a0<\/p>\n<p>\u201cSo, countries like China and India, who are major consumers of oil \u2013 they also jump on board. Because (otherwise), it will affect the growth rates.\u201d\u00a0<\/p>\n<p>The stalemate over fossil fuels has ultimately prompted a separate international conference scheduled for next April in Colombia, co-hosted by the Netherlands.\u00a0<\/p>\n<p>Johnstone said: \u201cThis represents a strong signal that if the UN system can&#8217;t deliver, other countries are going to step in. I hope we can see further pressure building from the sidelines.\u201d\u00a0<\/p>\n<p>Choo summed up the challenge that continues to plague climate negotiations: \u201cIt&#8217;s difficult to talk about climate when we&#8217;re worried about our own incomes, housing, medical costs \u2013 and (that\u2019s the) same at a national level.<\/p>\n<p>\u201cBut it matters. The effects of climate change will make our lives worse. Even if we don&#8217;t live to see it, our children will see it. That&#8217;s the reality.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Choo said global audiences tend to \u2013 but should not \u2013 underestimate Beijing\u2019s climate ambitions.\u00a0 \u201cChina&#8217;s been quiet,&hellip;\n","protected":false},"author":2,"featured_media":312454,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[64,63,161749,75,128,172550],"class_list":{"0":"post-312453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-au","9":"tag-australia","10":"tag-cop30-summit","11":"tag-environment","12":"tag-science","13":"tag-un-climate-conference"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/312453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=312453"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/312453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/312454"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=312453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=312453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=312453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}