effect COP27 Regarding reduction emissions greenhouse gases and application Fossil fuels Met with criticism and little enthusiasm European union and by UK, who argued more ambitiously on these points. Amazing progress in the financial sector Repairs for weather damage and lossHowever, celebrated.
Many countries, including European countries, felt that the texts proposed by the Egyptian leadership of the conference represented a setback in relation to the commitments received in 2021. COP26In Glasgow.
“The Egyptian president’s office has created a text that clearly protects oil and gas producing countries and fossil fuel industries,” said Lawrence Dubiana, one of the architects. Paris Agreement🇧🇷
Ursula von der Leyen, president of the European Commission, the EU’s executive arm, described the deal as “a small step towards climate justice” but insisted more needed to be done to save the planet.
Other high-level representatives from the continent were direct in their criticism. The head of the European Parliament’s delegation at the conference, Dutch MEP Bas Eickhout, disagreed with negotiations.
“Europe had to fight until the end to keep last year’s ambition, but this is not enough if we want to reach the climate targets. Therefore, I can only conclude that 2022 is a lost climate year”, he said.
Franz Timmermans, vice-president of the European Commission and the bloc’s chief negotiator, also criticized the decision. “The EU came here to get a deal with strong language and we’re disappointed we didn’t get that,” he said.
However, among European leaders, attention is focused on the financial approach to compensation for losses and damages. Climate changes🇧🇷 Historically, Europe and the United Kingdom have held back from creating a specific fund, trying to shape the funding issue into existing projects.
Although the details of creating a fund for “particularly vulnerable countries” have yet to be outlined, the creation of the mechanism has been welcomed by all spokespeople, including those who have been most critical of the outcome of COP27.
“In loss and damage, the EU showed leadership and broke the deadlock by announcing itself in support of the fund. [de financiamento]🇧🇷 As a result, the COP has achieved something above all,” said MEP Bas Eickhout.
While the official rhetoric from European officials was disappointing for the lack of ambition in the conference’s final speech, NGOs say the continent’s countries can do more.
NGOs were not satisfied with the EU’s announcement at COP27 that it would cut emissions by two points — from 55% to 57% — by 2030.
“It’s a positive sign that the EU is committed to further reducing our greenhouse gas emissions, but you can’t pretend to be a good student when the stakes are so low. We need a much higher ambition,” says Sven Harmeling, CAN (Climate Action Network) expert on international climate policy in Europe. , a coalition bringing together non-governmental organizations in 38 European countries.
In Harmeling’s estimation, the group’s more ambitious attitude “may encourage other countries to adopt a mitigation work plan”.
Departure of the President-elect Luis Inacio Lula da Silva (PT) Statements by the PT that Brazil should start giving importance to the climate agenda and forest protection were generally well received among Europeans.
Lula met with several representatives of the continent, including the Timmermans.
“The reaction to Lula’s COP27 speech seems very warm across Europe,” assesses Arild Sketsmo, an analyst at KLP, Norway’s largest pension fund.
“European investors promoting environmental, social and governance policies will have noticed a significant shift in commitments and policy proposals,” he added.
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