The Fort Worth Press - EU to seek virtual elimination of fossil fuels at COP28

USD -
AED 3.672502
AFN 64.491591
ALL 81.046102
AMD 360.780113
ANG 1.789785
AOA 917.000126
ARS 1529.249759
AUD 1.42209
AWG 1.8025
AZN 1.702876
BAM 1.745704
BBD 2.012675
BDT 123.586379
BGN 1.747831
BHD 0.377114
BIF 2995.403222
BMD 1
BND 1.277279
BOB 11.766859
BRL 4.965204
BSD 0.999331
BTN 94.818583
BWP 13.766234
BYN 2.934172
BYR 19600
BZD 2.009729
CAD 1.404375
CDF 2316.000346
CHF 0.82442
CLF 0.025212
CLP 986.459589
CNY 6.67805
CNH 6.669485
COP 3171.419646
CRC 456.018209
CUC 1
CUP 23.982684
CVE 98.420137
CZK 21.663502
DJF 177.944392
DKK 6.66079
DOP 61.293346
DZD 134.335699
EGP 54.984741
ERN 15
ETB 162.538225
EUR 0.891061
FJD 2.237201
FKP 0.747807
GBP 0.74789
GEL 2.589507
GGP 0.747807
GHS 11.586558
GIP 0.747807
GMD 74.000375
GNF 8843.664926
GTQ 7.638684
GYD 209.291739
HKD 7.842575
HNL 26.828223
HRK 6.728199
HTG 130.968001
HUF 326.253498
IDR 18093.85
ILS 3.10555
IMP 0.747807
INR 94.945504
IQD 1514.883742
IRR 1832374.999772
ISK 121.780041
JEP 0.747807
JMD 158.593297
JOD 0.70903
JPY 156.962034
KES 129.754095
KGS 87.4486
KHR 4082.652742
KMF 439.49805
KPW 899.999961
KRW 1323.760238
KWD 0.310691
KYD 0.832775
KZT 453.715357
LAK 22486.722899
LBP 89486.053465
LKR 331.81595
LRD 170.375329
LSL 16.556076
LTL 2.95274
LVL 0.60489
LYD 6.399786
MAD 9.815504
MDL 18.037221
MGA 4519.123488
MKD 54.987281
MMK 2100.106238
MNT 3599.160205
MOP 8.073191
MRU 39.936627
MUR 47.160062
MVR 15.460186
MWK 1732.762083
MXN 18.69295
MYR 4.085301
MZN 63.899549
NAD 16.556076
NGN 1332.059687
NIO 36.774222
NOK 9.302745
NPR 151.709734
NZD 1.755203
OMR 0.3845
PAB 0.999241
PEN 3.431874
PGK 4.475387
PHP 63.618039
PKR 276.527424
PLN 3.919675
PYG 5779.443924
QAR 3.642612
RON 4.7798
RSD 104.87794
RUB 80.193981
RWF 1476.413621
SAR 3.753249
SBD 8.07458
SCR 14.037006
SDG 601.499416
SEK 9.910815
SGD 1.27725
SHP 0.7473
SLE 22.950129
SLL 20969.504398
SOS 571.07154
SRD 37.6495
STD 20697.981008
STN 21.868166
SVC 8.743696
SYP 13001.999685
SZL 16.555541
THB 33.769803
TJS 9.208462
TMT 3.51
TND 2.983978
TOP 2.40776
TRY 49.731505
TTD 6.789842
TWD 32.585799
TZS 2645.601821
UAH 45.239791
UGX 4402.195742
UYU 40.076762
UZS 11958.762887
VES 879.788895
VND 25842.5
VUV 118.622996
WST 2.767791
XAF 584.497408
XAG 0.018551
XAU 0.000250266221
XCD 2.70255
XCG 1.800955
XDR 0.707052
XOF 584.497408
XPF 106.448878
YER 236.100639
ZAR 16.601611
ZMK 9001.200451
ZMW 20.091043
ZWL 321.999592
SSP 5745.299755
MXV 2.109748
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

EU to seek virtual elimination of fossil fuels at COP28
EU to seek virtual elimination of fossil fuels at COP28 / Photo: © AFP/File

EU to seek virtual elimination of fossil fuels at COP28

The EU will seek a global phase-out of fossil fuels and for their use to reach a peak in this decade, according to the member states' common position adopted unanimously late Monday.

Text size:

At the COP28 UN climate talks in November, the bloc will also call for eliminating "as soon as possible" subsidies for fossil fuels which do not serve to combat energy poverty or ensure a "just transition" -- but without setting a deadline as NGOs hoped.

"(The European) Council stresses that the transition to a climate-neutral economy will require a global phase-out of unabated fossil fuels and a peak in their consumption in this decade", said a statement released after the meeting of EU environment ministers.

At the same time the 27 European nations will advocate "the importance of having the energy sector predominantly free of fossil fuels well before 2050", a formula expressed this time without the mention of "unabated".

EU ministers meeting in Luxembourg bitterly clashed over the inclusion of the word in the negotiating mandate for new EU commissioner for climate matters, Wopke Hoekstra, who will represent them at COP28 in Dubai from November 30 to December 12.

Brussels is looking to triple the amount of global renewable energy used by the end of this decade and double energy efficiency in line with the goals of the COP28 presidency.

The EU has already set itself a horizon of 2050 to abolish "unabated" fossil fuels -- meaning those reliant on coal, oil and gas that do not have mechanisms to capture or store carbon.

The issue is expected to be bitterly fought over at the UN climate conference in Dubai, and has been the subject of strained debate between EU countries.

Together with NGOs, some governments wanted the "unabated" label withdrawn or have strict conditions attached to the use of carbon capture technology, to prevent them being used as justification for continued fossil-fuel burning.

"There's no alternative for driving down emissions across the board," Hoekstra said.

"However some sectors are extremely hard to abate" and thus carbon-capture technology was needed "as part of the total solution space," he said.

France's energy transition minister Agnes Pannier-Runacher called such tech "of interest" but added that it should be reserved for sectors that were unable otherwise to decarbonise.

In the end, the term "unabated" was retained in the agreed text but is no longer mentioned in the formulation of the long-term objective of an energy sector predominantly free of fossil fuels "well before 2050".

- 'Driving force' for change -

In the immediate future, carbon capture technologies "should be tied to those sectors where it's going to be difficult to engage in decarbonisation, where it's difficult to wean themselves off fossil fuels for some of the industrial process", explained Spain's ecological transition minister Teresa Ribera, whose country chaired the Luxembourg meeting.

"The long-term objective is that fossil fuels should be phased out of our energy mix as we tried to promote decarbonisation," she said.

At COP28 many countries will push to secure an unprecedented commitment to move away from "unabated" fossil fuels.

But a global commitment to eliminating fossil fuels entirely would be "very complicated", Hoekstra said.

And, when it comes to an accord to be taken up by UN member countries, "it takes 192 to tango," he said.

The EU is also calling for "striving for a fully or predominantly decarbonised global power system in the 2030s".

The bloc also called for global action towards the tripling of installed renewable energy capacity by 2030 as well as a doubling of energy efficiency, in line with the roadmap of the president of COP28.

The Europeans also debated whether to maintain in Dubai their legally established objective of a 55 percent reduction in the bloc's greenhouse gases by 2030 or the 57 percent that it should de facto reach under policies already adopted.

A 57 percent announcement would reinforce Europe's ambition to be a global leader on combating climate change, said European Commission Vice President Maros Sefcovic and other officials.

In the end, they simply updated their submission to indicate the bloc was aiming to reduce its emissions "by at least 55 percent by 2030 compared to 1990 levels".

"It was very important that we insisted on the factual effect of what we were doing," said Ribera.

By its example "the EU is a driving force for change", she said.

The bloc will also call for strengthening existing funding arrangements evoked in COP27 to compensate poorer countries as they shift to greener energy production and use.

P.Navarro--TFWP