EU urges ‘ambitious’ climate targets -

2 February, Thursday

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EU urges ‘ambitious’ climate targets

The EU set out its position for the COP27 climate summit on Monday in a text that called for “ambitious targets” but did not put a figure on financial help for developing countries.

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The 27 member states acknowledged that “global ambition must increase substantially” to keep Paris Agreement temperature goals within reach.    
The text urges countries to “come forward with ambitious targets” ahead of the UN conference in Sharm el-Sheikh, Egypt next month.    
The EU is ready to update national contributions “as soon as possible” after discussions between the 27 member states to finalise their climate plan, it said.    
The plan aims to reduce the EU’s greenhouse gas emissions by 55 percent, compared to 1990 levels, by 2030.    
The text, adopted by EU environment ministers meeting in Luxembourg, also “calls on all parties to close the book on unabated coal through a phasedown”.    
But the declaration is cautious on the thorny matter of financial help for developing countries.    
Financing “loss and damage” caused by the impacts of global warming is set to be a burning issue at COP27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change.    

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