EU gets homework to scale up action at home
The COP23 UN climate summit slowly comes to an end in Bonn, Germany today, with countries expected to adopt a roadmap for the Talanoa Dialogue - a process which should ultimately result in scaling up countries’ 2030 climate pledges following the next UN Climate Summit in 2018.
Read more: COP23 delivers a plan for increasing climate ambition
At the UN Climate Summit in Bonn today the Dutch Climate Minister Erik Wiebes urged the EU to up its 2030 climate target from the current ‘at least’ 40% to 55%, bringing it closer to what is required to keep the Paris Agreement goals within reach and adding momentum to the UN climate talks expected to conclude tomorrow.
Read more: EU urged to scale up climate target by Netherlands
Brussels, Bonn --- While in Bonn at the UN climate talks the EU touts the Paris Agreement, back in Brussels the European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects, finds a new study from CEE Bankwatch Network, CAN Europe, Counter Balance and WWF European Policy Office.
Read more: New report: Juncker Plan backs billions in fossil fuels and carbon-heavy infrastructure
- Global energy transition taking up speed - but no country is doing enough
- Countries have to strengthen targets and implementation
- Sweden, Lithuania, Morocco and Norway leading the table - USA in free fall
Today the EU institutions reached an agreement on the redesign of one of the bloc’s key climate policies, the Emissions Trading Scheme (ETS).