Summary
A resolution calling for urgent global action at COP27 to limit warming to 1.5°C, emphasizing methane reduction, climate finance for developing nations, and a just transition. 9 20.10.2022
Other
energy
economy
justice
taxation
environment
human rights
social policy
administrative law
international relations
public finance and budget policy
Key points
- The resolution calls for urgent global action to limit temperature rise to 1.5°C, noting that current paths lead toward a much higher 2.7°C increase.
- There is an urgent need to reduce methane emissions from agriculture, waste, and fossil fuel sectors as a cost-effective short-term measure.
- The EU must phase out fossil fuel subsidies, which currently amount to approximately 55 to 58 billion euros every year.
- The EU aims to achieve a net reduction in greenhouse gas emissions of at least 55% by the year 2030 compared to 1990 levels.
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