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MEPs want to vote to end all subsidies for fossil fuel globally by 2025 at COP 28

MEPs want to vote to end all subsidies for fossil fuel globally by 2025 at COP 28

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Listen to this story:
  • COP28 is a key moment to boost collective ambition on climate action and support
  • Need to increase international climate financing
  • Triple renewable energy and double energy efficiency by 2030, restore biodiversity

Parliament adopted its demands for the UN Climate Change Conference COP28, which will review progress on the implementation of the Paris Agreement.

With 462 votes in favour, 134 against and 30 abstentions, MEPs signal their recommendations for the EU’s strategic objectives ahead of the UN COP28 Climate Change Conference, marking the first Global Stocktake under the Paris Agreement.

The resolution calls for an end of all direct and indirect fossil fuel subsidies, at national, EU and global levels, “as soon as possible and by 2025 the latest”. MEPs also support a global target to triple renewable energy and double energy efficiency by 2030, together with a tangible phasing out of fossil fuels as soon as possible, and halting all new investments in fossil fuel extraction.

The text asks all countries to strengthen their climate commitments and contribute their fair share to increase international climate financing.

Related Article: Tim Mohin: US and China Climate Agreement Ahead of COP 28

MEPs emphasise the importance of protecting, conserving and restoring biodiversity and want a significant reduction of the climate impact and emissions from methane and sectors such as international shipping and aviation, agriculture, and defence.

Next steps

The resolution constitutes the mandate for Parliament’s delegation, which will attend COP28 between 8 and 12 December.

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