EU countries agree COP27 stance after row on climate ambition

Euractiv | Oct 25, 2022 at 9:54 AM
  • EU environment ministers on Monday (24 October) agreed their negotiating position for the COP27 climate conference in Sharm el Sheikh following a battle of wills between capitals over the bloc’s level of ambition at the annual UN climate summit.
  • The European Union has pledged to cut its net emissions by 55% from 1990 levels by 2030 and is currently negotiating a package of energy and climate laws – dubbed ‘Fit for 55’ – in order to achieve this goal.
  • The European Parliament too is calling for more ambition, and has urged wealthy nations at COP27 to “agree on new, adequate and additional sources of public finance clearly prioritising grants in order to address loss and damage associated with the adverse effects of climate change”.