COP27 draft leaves out pledge to phase down all fossil fuels

COP27 draft leaves out pledge to phase down all fossil fuels

The Egyptian presidency published the first draft of its so-called “cover decision” and largely kept last year’s pledge made at Glasgow to “accelerate measures towards the phase down of unabated coal power” and phase out fossil fuel subsidies.





November 17, 2022 / 02:01 PM IST





The 27th UNFCCC conference of parties (COP27) is underway at the Red Sea resort town of Sharm El-Sheikh in Egypt.



Countries negotiating at the climate summit in Egypt are on track to reject calls for phasing down the use of all fossil fuels, snuffing efforts by India and key developed nations to target oil and gas as well as coal in an overarching deal at COP27.

The Egyptian presidency published the first draft of its so-called “cover decision” and largely kept last year’s pledge made at Glasgow to “accelerate measures towards the phase down of unabated coal power” and phase out fossil fuel subsidies. It also stuck with a commitment to keep global warming to 1.5 degrees Celsius. It highlighted that countries are currently falling well short on meeting the climate finance needs of developing countries.

The draft, which is still subject to revisions during the week, will likely come as