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	<title>fossil fuel &#8211; Bitfinance</title>
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		<title>The EU will demand the gradual elimination of fossil fuels</title>
		<link>https://bitfinance.news/en/the-eu-will-demand-the-gradual-elimination-of-fossil-fuels/</link>
		
		<dc:creator><![CDATA[Krystian Tovar]]></dc:creator>
		<pubDate>Tue, 17 Oct 2023 15:00:15 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Legal & legislative]]></category>
		<category><![CDATA[COP28]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[fossil fuel]]></category>
		<category><![CDATA[fuel]]></category>
		<guid isPermaLink="false">https://bitfinance.news/?p=100045</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="800" src="https://bitfinance.news/wp-content/uploads/2023/10/CPO28.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="En la conferencia COP28, la UE pedirá a los países miembros que vayan iniciando la eliminación gradual" decoding="async" fetchpriority="high" srcset="https://bitfinance.news/wp-content/uploads/2023/10/CPO28.jpg 1200w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-300x200.jpg 300w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-1024x683.jpg 1024w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-768x512.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>The European Union will demand the phasing out of fossil fuels at the United Nations Climate Conference (COP28) in early December, after EU climate and environment ministers have agreed. Meeting this Monday in Luxembourg, the Twenty-Seven agreed on their conclusions for the conference, which will serve as the negotiating position of the EU as a [&#8230;]</p>
<p>La entrada <a rel="nofollow" href="https://bitfinance.news/en/the-eu-will-demand-the-gradual-elimination-of-fossil-fuels/">The EU will demand the gradual elimination of fossil fuels</a> apareció primero en <a rel="nofollow" href="https://bitfinance.news">Bitfinance</a>.</p>
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										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="800" src="https://bitfinance.news/wp-content/uploads/2023/10/CPO28.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="En la conferencia COP28, la UE pedirá a los países miembros que vayan iniciando la eliminación gradual" decoding="async" srcset="https://bitfinance.news/wp-content/uploads/2023/10/CPO28.jpg 1200w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-300x200.jpg 300w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-1024x683.jpg 1024w, https://bitfinance.news/wp-content/uploads/2023/10/CPO28-768x512.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p style="text-align: justify;">The <strong>European Union</strong> will demand the phasing out of <strong>fossil fuels</strong> at the <strong>United Nations Climate Conference (COP28)</strong> in early December, after EU climate and environment ministers have agreed.</p>
<p style="text-align: justify;">Meeting this Monday in <strong>Luxembourg,</strong> the <strong>Twenty-Seven</strong> agreed on their conclusions for the conference, which will serve as the negotiating position of the EU as a whole in the debates taking place at the Dubai climate summit.</p>
<p style="text-align: justify;">In its conclusions, the Council highlights the opportunities that <strong>ambitious climate</strong> action brings to the planet, the <strong>global economy</strong> and people, and the importance of ensuring a just transition towards sustainable, climate-resilient and climate-neutral economies and societies that do not leave no one behind.</p>
<p style="text-align: justify;">To that end, the Twenty-Seven declaration notes that the transition to a climate-neutral economy will require a global phase-out of fossil fuels and a peak in their consumption this decade, and underlines the importance of the energy sector being predominantly fuel-free. fossils long before <strong>2050.</strong></p>
<p style="text-align: justify;">Likewise, ministers have called for global action to triple the installed capacity of renewable energy to <strong>11 terawatts (TW)</strong> and double the pace of improvement in energy efficiency by <strong>2030,</strong> while respecting the national energy mix of each country. .</p>
<p style="text-align: justify;">The Twenty-Seven also called for substantially increasing global climate ambition to keep the <strong>1.5 degrees goal</strong> within reach, in line with the Paris Agreement, while considering that <strong>Nationally Determined Contributions (NDCs)</strong> and their updates are currently insufficient to achieve the objective.</p>
<p style="text-align: justify;">In this context, the Council welcomes the submission to the <strong>United Nations Framework Convention on Climate Change (UNFCCC)</strong> of an updated NDC that will reduce the EU&#8217;s net greenhouse gas emissions by at least 55% by 2030 compared to <strong>1990</strong> levels and achieve climate neutrality no later than <strong>2050.</strong></p>
<p style="text-align: justify;">Source: dpa</p>
<p style="text-align: justify;"><em>(Referential image source: sippakorn yamkasikorn, Unsplash)</em></p>
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<p>La entrada <a rel="nofollow" href="https://bitfinance.news/en/the-eu-will-demand-the-gradual-elimination-of-fossil-fuels/">The EU will demand the gradual elimination of fossil fuels</a> apareció primero en <a rel="nofollow" href="https://bitfinance.news">Bitfinance</a>.</p>
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