The EU faces COP27 trying to reconcile climate commitments and the energy crisis

Published:
11/07/2022
10:58 (UTC+1)


Last update:
11/08/2022
12:58 (UTC+1)

The Twenty-seven face the 27th United Nations Conference on Climate Change 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”.

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Euskaraz irakurri: Europar Batasunak konpromiso klimatikoak eta krisi energetikoak uztartzeko erronka du klimaren goi bileran

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 start of the war in Ukraine, the EU has launched to look for new suppliers of the fossil fuels that it wants to get rid of in the medium term, while trying to move forward with 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 accelerate mitigation and adaptation to climate change, pursue “effective solutions” for so-called “loss and damage” associated with global warming, and 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 Russia for hydrocarbons 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 “they 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.

The Community Executive presented in July 2021 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 reached 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 carry out other projects before of the end of the year.