`E.U. Asks Global Community to Accelerate Energy Transition Ahead of COP27 - Olive Oil Times

E.U. Asks Global Community to Accelerate Energy Transition Ahead of COP27

By Paolo DeAndreis
Nov. 1, 2022 12:25 UTC

The goal to keep the global tem­per­a­tures from exceed­ing pre-indus­trial lev­els by 1.5 ºC is still pos­si­ble, pro­vided all major actors dou­ble their efforts, European Union offi­cials said.

A unan­i­mous vote of European envi­ron­men­tal min­is­ters has called for a renewed, more robust, and shared cli­mate action against global warm­ing. The 27-mem­bers block agreed that global cli­mate pledges are far from suf­fi­cient.

Human-caused cli­mate dis­rup­tion is now dam­ag­ing every region… We must invest equally in adap­ta­tion and resilience.- António Guterres, sec­re­tary-gen­eral, United Nations

Therefore, they asked all coun­tries to work swiftly as the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) approaches to present new nation­ally deter­mined con­tri­bu­tions.

More specif­i­cally, they called for wealth­ier coun­tries to strengthen their cli­mate pledges imme­di­ately.

See Also:Next Five Years Will Be Hotter than The Last Five, WMO Says

The European Union is in the process of approv­ing a com­plex and wide-rang­ing reg­u­la­tory pack­age known as Fit for 55, which requires mem­ber coun­tries to reduce green­house gas emis­sions by 55 per­cent com­pared to 1990 lev­els before 2030.

Beyond that, a key goal is for the E.U. to become car­bon neu­tral by 2050. The pack­age is cur­rently going through the leg­isla­tive process and will not be approved before COP27 starts on November 6th.

The E.U. Council has also asked all COP27 par­tic­i­pants to close the book on unabated coal through a phase-down and end­ing inef­fi­cient fos­sil fuel sub­si­dies to accel­er­ate their energy tran­si­tion, and to deliver on the Glasgow Climate Pact in a way that ben­e­fits work­ers and com­mu­ni­ties.”

The Glasgow Climate Pact was the result of COP26. The agree­ment focused on green­house gas emis­sions reduc­tion and reduc­ing coal use.

One of the cru­cial issues that will be debated at COP27 is the request of cli­mate-vul­ner­a­ble coun­tries that devel­oped nations con­tribute sub­stan­tially to mit­i­gate the impact of cli­mate change.

The E.U. Council vote renewed the strong com­mit­ment made by the E.U. and its mem­ber states to con­tinue scal­ing up their inter­na­tional cli­mate finance towards the devel­oped coun­tries’ goal of mobi­liz­ing at least $100 bil­lion per year as soon as pos­si­ble and through to 2025 from a wide vari­ety of sources.”

In Glasgow, the E.U. and other wealthy nations agreed to invest that money in help­ing devel­op­ing nations tran­si­tion to greener economies and mit­i­gate the impacts of cli­mate change. However, most of these funds have not yet been deployed.

The E.U. Council has also voted to sup­port the Global Goal on Adaptation,” which will be one cru­cial issue at COP27. The min­is­ters said the ini­tia­tive aims at enhanc­ing adap­tive capac­ity, strengthen resilience and reduce vul­ner­a­bil­ity to pro­tect peo­ple, liveli­hoods and ecosys­tems.”

In this sce­nario, E.U. Council will sup­port an early warn­ing project launched by the United Nations General Secretary to pro­vide every­one on Earth with an early warn­ing sys­tem against extreme weather events.

According to the World Meteorological Organization, weather, cli­mate or water-related dis­as­ters took place about once every day between 1970 and 2019, killing an aver­age of 115 peo­ple and caus­ing an aver­age of $200 mil­lion in dam­ages.

Human-caused cli­mate dis­rup­tion is now dam­ag­ing every region,” United Nations Secretary-General António Guterres said. The most recent report of the Intergovernmental Panel on Climate Change details the suf­fer­ing already hap­pen­ing.”

Each incre­ment of global warm­ing will fur­ther increase the fre­quency and inten­sity of extreme weather events,” he added. We must invest equally in adap­ta­tion and resilience. That includes the infor­ma­tion that allows us to antic­i­pate storms, heat­waves, floods and droughts.”

The E.U. Council also voted to sup­port the fund­ing of activ­i­ties for avert­ing, min­i­miz­ing and address­ing loss and dam­age asso­ci­ated with the adverse effects of cli­mate change.” The E.U. min­is­ter added that stand­ing by the most vul­ner­a­ble coun­tries is essen­tial.


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