The European Union will urge the world's biggest economies to improve their targets to fight climate change ahead of this year's U.N. climate summit and warn that states' current efforts fall short, according to a draft document seen by Reuters.
Despite a raft of new emissions-cutting commitments countries announced at last year's COP26 climate summit, "global climate action remains insufficient", the EU said in a draft of its negotiations mandate for the COP27 summit in Sharm El Sheikh, Egypt, in November.
But the talks on how to curb emissions, and fund those efforts, face the tough context of an energy crisis that is exhausting state budgets and prompting some countries to burn more coal.Beijing has so far resisted calls from Europe to accelerate its plan to peak emissions by 2030. China halted climate talks with the United States this month after House of Representatives Speaker Nancy Pelosi’s visit to Taiwan.
Indonesia and Mexico, both G20 countries, are among those exploring more ambitious pledges. EU climate policy chief Frans Timmermans and climate ministers from G20 countries will meet in Bali next week to discuss their efforts.
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