EU countries call for phasing out fossil fuels
EU countries are ready to back a diplomatic stance calling for a global phase-out of fossil fuels while preparing for this year's U.N. climate change talks, a draft document showed. The foreign ministers of EU member states plan to endorse the bloc's conclusions on climate diplomacy, aimed at setting the bloc's priorities ahead of the United Nations climate summit COP28 in Dubai on Nov. 30.
The draft document shows that nearly 200 countries and regions have made a commitment to phase out coal-fired energy in previous UN climate talks, but says this will require a further phase-out of all CO2-emitting fossil fuels, including oil and gas. "A transition to a climate-neutral economy requires a global phase-out of fossil fuels, as defined by the United Nations' Intergovernmental Panel on Climate Change (IPCC)," the draft document said. To avoid the damaging effects of climate change, the IPCC scientists said, The world must drastically reduce its use of fossil fuels this decade. "The EU will systematically promote and call for a global move towards a fossil fuel-free energy system by 2050," the draft document said.
It is understood that last year's UN climate summit failed to reach an agreement on phasing out fossil fuel energy, and some countries were disappointed. The proposal by India has the support of more than 80 countries, including those in the European Union, but has been opposed by Saudi Arabia and other oil and gas-rich nations.
According to Reuters, the EU's latest draft has stronger wording than previous versions, which did not explicitly support "phasing out". EU diplomats said Germany and Denmark had pushed for more ambitious language in the draft.
2026-10-07
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Braskem to Expand Ethylene and Polyethylene Production Capacity
-
Unilever Reports Stronger Margins and Accelerated Portfolio Transformation in FY2025
-
Isopropanol vs. Isopropyl Alcohol: Are They Different? (Uses & Safety)
-
“Shutdown Equals Price Hike”: TDI Market Enters a New Era of “Scarcity Games”
-
Dow Q3 2025: Struggling at the Bottom of the Cycle Amid a Slow Structural Recovery
-
Syngenta Caught in Trade Crossfire
-
Hormuz Crisis Exposes India’s Agrochemical “First Mile”
-
LANXESS Raises Global 1,6-Hexanediol Prices by 20% as Cost Pressure Begins to Pass Downstream
-
Hormuz Crisis Exposes India’s Agrochemical “First Mile”
-
BorsodChem Raises MDI Prices by €500 as Cost Pressure in Europe’s Polyurethane Chain Continues to Escalate
Recommend Reading
-
BASF Raises BA and 2-EHA Prices as Acrylic Ester Costs Continue to Move Higher in Asia-Pacific
-
EU Clears Bayer-KWS Sugar Beet Event
-
EU Clears Bayer-KWS Sugar Beet Event
-
Novo Nordisk Faces a Compliance Test
-
Deméter Enters China with a Stress-Focused Pitch
-
Demand Impacts Divergent Trends in Shandong Refinery Gasoline and Diesel Prices
-
Sodium Alginate: Properties, Uses, and Benefits
-
Methanol Market Prices Undergo Slight Adjustment
-
Premium Global Chemical Sourcing Requests (20-24 Oct 2025)
-
MTBE Market Trend Shows Strong Fluctuations in China
- Hot Searches
- specialty chemical emulsifier supplier
- where do they sell kerosene
- glp-3 retatrutide buy online usa
- 4-chloroacetanilide
- ferric chloride market
- olive oil msds
- reta buy online
- acrylonitrile butadiene styrene price
- potassium chloride price
- sodium cholride
- petroleum coke price
- food grade phosphoric acid