SHARM EL SHEIKH, Egypt - The European Union is expected to announce plans at the COP27 summit on Tuesday to update its emissions-cutting target under the Paris climate change accord before next year’s UN summit, a source familiar with the matter told Reuters.
The move by the world’s third biggest polluter - after China and the United States - would attempt to convince other countries that the 27-country EU is sticking by its commitments to fight climate change, even as it battles an energy crisis.as they scramble to replace energy supplies from Russia that have been disrupted this year.
“There’s been this very strange narrative going around, that because of the challenges coming to Europe because of Putin’s war against Ukraine, we would be stepping back from our ambitions,” EU climate chief Frans Timmermans told COP27 on Monday.It has committed to cut its net greenhouse gas emissions 55 per cent by 2030, from 1990 levels, and completely eliminate them by 2050.
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