According to a draft document obtained by Reuters, the European Union will urge the world’s largest economies to raise their climate change targets ahead of this year’s United Nations climate summit, and will warn that states’ existing efforts fall short.

Despite a slew of new emissions-cutting promises set by countries at last year’s COP26 climate summit, the EU stated in a draft of its negotiations mandate for the COP27 meeting in Sharm El Sheikh, Egypt, in November, that “global climate action remains insufficient”.

The document, which is subject to weeks of negotiations and could alter before EU members ratify it in October, stated that polluters must modify their ambitions if the globe is to avoid exceeding 1.5 degrees Celsius.

“[The EU] calls upon all Parties to come forward with ambitious targets and policies and urges in particular major economies that have not yet done so to revisit or strengthen the targets,” it stated.

Nearly 200 countries will gather at COP27 following a catastrophic summer of drought, heatwaves, and other climate-related catastrophes for many.

However, discussions on how to reduce emissions and fund those efforts face the difficult backdrop of an energy crisis that is taxing state budgets and forcing some countries to burn more coal.

After the United States and China, the EU is the world’s third-largest emitter.

Beijing has so far resisted European pressure to expedite its target to reach a peak in emissions by 2030. Following House of Representatives Speaker Nancy Pelosi’s travel to Taiwan this month, China canceled climate discussions with the US.

India, the world’s fourth-largest emitter, passed a more aggressive climate plan this month, pledging to reduce the carbon intensity of its GDP by 45% by the end of the decade compared to 2005 levels.

The United States enacted a massive expenditure plan this month in order to meet its target of halving emissions from 2005 levels by 2030.

G20 members Indonesia and Mexico are among those considering more ambitious goals. Next week, EU climate policy leader Frans Timmermans and G20 climate ministers will meet in Bali to discuss their efforts.

The EU’s climate goal is to reduce net emissions by 55% by 2030 compared to 1990 levels.

Progress in EU negotiations on legislation to achieve that aim, as well as recent plans to accelerate the expansion of renewable energy to replace Russian gas, might serve as the bloc’s enhanced target ahead of COP27.

Europe is also under greater pressure from vulnerable countries, who want the COP27 to establish a fund to compensate impoverished countries for the harm and permanent losses caused by climate change.

The EU and the US have long opposed such demands. The draft declaration stated that the EU supported discussions on “arrangements for funding” to address climate-related losses, but stopped short of endorsing a new fund.

Source: Reuters

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