Posted by Greens/EFA MEP Bas Eickhout
+++ 21.11.2022 Update on the outcome of COP27 by Bas Eickhout MEP: “We finally have a fund for loss and damages – but still not enough climate action.”
This year, at COP27, we lost a crucial year for ambitious climate action.
Last year in Glasgow, the world agreed to speed up the process of setting five-year targets. Countries were asked to hand in new targets by the end of 2022. That process yielded nothing at this summit. 2022 became 2023, the agreements hardly became more concrete.
Europe mainly fought to get new climate ambitions into this year’s climate agreement, such as peaking emissions by 2025. It soon became clear that many countries did not want to go beyond last year’s climate ambition, or even wanted to water down the text. This year, Europe had to fight until the end to even keep last year’s ambition intact. This is simply insufficient if we want to meet the climate targets. And so this year’s COP27 puts even more pressure on us ahead of next year’s climate summit.
