EU Rethinks Push to Phase Out Fossil Fuels at COP28 Climate Talks – Bloomberg

Near the end of the United Nations climate summit in Sharm El-Sheikh last year, European Union climate chief Frans Timmermans offered a grand bargain to break the deadlock in the two-week negotiations. 

The 27-member bloc would consent to the creation of a finance facility to pay for loss and damage caused by climate change, fulfilling a demand made by developing countries. But the EU’s support would come only if all countries agreed on a stronger commitment to eliminate the use of fossil fuels. The loss-and-damage fund promise made it into the final deal at COP27; the stronger agreement to phase out fossil fuels did not.

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