Key Points
COP28 climate summit, agreeing to push for a world-first deal to phase out CO2-emitting fossil fuels...
The agreement sets up the 27-country European Union to be one of the most ambitious negotiators at the annual United Nations climate talks, where nearly 200 countries negotiate efforts to fight global warming...
Bulgarias Environment Minister Julian Popov told Reuters the aim was to keep open this option for polluting sectors with limited technologies to cut CO2 emissions such as chemicals and cement manufacturing but not for the energy sector, where the shift to low-carbon sources like wind and solar is already underway...
Fossil fuel producers and consumers some of whom, like Saudi Arabia, have blocked attempts to agree a phase-out in recent meetings including this years G20 summit are expected to offer similar resistance at the COP28 summit...
EU countries also called for inefficient fossil fuel subsidies to be phased out no later than 2030, and said there was no room for new coal-fuelled power plants if the world is to avert severe climate change...
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