The Twenty-seven face the 27th United Nations Climate Change Conference with the goal of doing “everything possible” so that the task of reducing global warming to 1.5 degrees Celsius by the end of the century remains “achievable.”
The European Union (EU) faces the United Nations Conference on Climate Change COP27, which is being held in Egypt, making balances to reconcile climate commitments and the energy crisis. Since the beginning of the war in Ukraine, the EU has been looking for new suppliers of the fossil fuels it wants to get rid of in the medium term, while trying to carry out the regulations to comply with the commitments reached in the Paris Agreement.
The community club faces this summit with the aim of doing “everything possible” so that the task of reducing global warming to 1.5 degrees Celsius by the end of the century remains “achievable,” community sources said on the eve of the inauguration of The conference.
The bloc will also seek to speed up mitigation and adaptation to climate change, will pursue “effective solutions” for the so-called “losses and damages” associated with global warming and will try to convince other powers to increase their financial contributions to facilitate climate investments by countries in developing. The idea is to reach 100 billion dollars a year.
The International Energy Agency (IEA) calculated in July that the EU will increase coal burning by 7% in 2022, which will add to the growth of 14% registered in 2021. In addition, the EU has largely replaced natural gas Russian for hydrocarbon from the United States, Norway and Algeria, which has reduced the weight of Russian gas purchases from 40% before the war to 9% today. Brussels defends that “these are short-term measures to guarantee security of supply”, before acknowledging that the club will have to “recover lost ground” during the second half of this decade.
In July 2021, the Community Executive presented its roadmap ‘Objective 55’ or ‘Fit for 55’ in English (a package of more than a dozen legislative projects) to reduce its greenhouse gas emissions by 55% by end of the decade. Since its publication, the European Parliament and the Member States have only achieved a political agreement on the regulations that will prohibit the sale of new combustion vehicles from 2035 (last week), but the negotiating teams are working to advance other projects before of the end of the year.
Source: Eitb
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