European Union countries are preparing to push for a global deal on phasing out fossil fuels at the COP28 climate summit, a draft of the EU’s negotiating position has shown.
Diplomats from the bloc’s 27 member states are drafting their position for the summit in Dubai in November, where nearly 200 countries will try to strengthen efforts to rein in climate change.
“The shift towards a climate neutral economy will require the global phase-out of [unabated] fossil fuels and a peak in their consumption already in the near term,” a draft of the EU’s negotiating stance, seen by Reuters, says.
At last year’s UN climate summit, a proposal to phase out CO2-emitting fossil fuels won backing from more than 80 countries but Saudi Arabia and other oil and gas-rich nations opposed it.
Some EU countries seeking faster action on cutting CO2 want to agree on limits for CO2 capturing technologies - to restrict their use to sectors without alternatives, diplomats said.
While not legally binding, the idea behind a global deal to gradually quit fossil fuels is to create a powerful “north star” to guide future climate negotiations, government policies and investments towards energy sources and technologies that do not contribute to heating the planet.
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