EU Supports COP27 Call to Phase Down All Fossil Fuels

Kate Abnett and William James
Tuesday, November 15, 2022

The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc's climate policy chief Frans Timmermans said on Tuesday, provided it does not weaken previous agreements on reducing the use of coal.

India wants countries to agree to phase down all fossil fuels at the U.N. climate summit in Egypt, rather than a narrower deal to phase down coal that was agreed at COP26 last year.

"We are in support of any call to phase down all fossil fuels," Timmermans told a news conference.

"But we also have to make sure that this call does not diminish the earlier agreements we had on phasing down coal, so if it comes on top of what we already agreed in Glasgow, then the EU will support in this proposal."

India was among the countries resistant to efforts to eliminate coal at last year's climate talks in Glasgow when the final deal at the last minute dropped wording calling for a phase-out of coal-fired power, replacing it with a phase down.

A wider push to phase down use of all fossil fuels would put oil and gas consumers and producers in the spotlight, as well as those countries that rely on coal.

The Egyptian COP27 Presidency on Monday night released a two-page sketch of what could become a deal, featuring bullet points outlining many of the issues countries have asked be included - some of which have deeply divided nations.

The document did not refer to fossil fuels, although a COP Presidency spokesperson later said the list was not exhaustive and did not contain the language that would be used in the final version.


(Reuters - Reporting by Kate Abnett and William James; editing by Dominic Evans and Barbara Lewis)

Categories: Energy Industry News Emissions Activity Europe Asia Regulations

Related Stories

France Leads 15-Country Effort to Reopen Strait of Hormuz

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

Energy Crisis from War on Iran Deeper Than Widely Assumed

Oil Shoots Over $110 as Trump's Iran Deadline Looms

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Big Oil to Look Beyond Middle East as War Raises Risks

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Oil Executives Flag Long-Term Impact of Iran Conflict

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Current News

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Middle East Producers Gear Up for Hormuz Export Restart

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Tumbles, Stocks Surge on Middle East Ceasefire

ABL Transports Northern Endeavour FPSO to Recycling Yard

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com