Few new elements in the first draft of the COP27 agreement

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The text does not include a request from environmental groups or countries like India to phase out fossil fuel production.

Euskaraz irakurri: Berritasun gutxi COP27ko akordioaren lehen zirriborroan

The first draft of the Egypt Summit (COP27) agreement contains complicated language and little change from previous documents or the Glasgow agreement.

The preliminary text does not collect the request from environmental groups or countries like India to phase out fossil fuel production.

In the section dedicated to emission reductionreaffirms that limiting global warming to 1.5°C requires rapid, strong and sustainable reductions in greenhouse gas emissions (45% by 2030 compared to 2010 and zero net emissions by 2050). take into account their mitigation strategies. In addition, it calls for new or updated long-term low-emission development strategies.

According to the Energy Recognizes the concern about the impact of the energy crisis (caused by the war in Ukraine) on the “timely” fulfillment of promises and commitments related to energy transition and energy diversification, and stresses the importance of preventing commitments to action and support.

So it insists increase the share of renewable energy and encourages continued efforts to accelerate efforts to phase out more coal-emitting energy production, and to phase out and streamline inefficient fossil fuel subsidies, “in accordance with national circumstances and recognizing the need to support a just transition”.

This wording introduces the shades of “rationalization” and “in accordance with national circumstances” Regarding the Glasgow Summit (COP26)whose final agreement first included reducing energy with coal and phasing out subsidies on fossil fuels (such as oil, natural gas or fuels).

About how to finance compensation to vulnerable countries for the losses and damage suffered on its territory from natural disasters caused by climate change, the text does not for the time being contain specific methods for doing so, as negotiations are still ongoing.

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Source: EITB

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