EP: You can say goodbye to cheap energy

Europe wants to take the lead in a sustainable energy transition and climate protection, with the delegation in Glasgow hoping for a compromise solution from the ongoing negotiations that reflects all this, they said. parliamentary climate politicians at a news conference on Monday.

As the members of the Commission representing the European Parliament have reported, the second week of the 26th session of the Framework Convention on Climate Change (COP26) will be much less spectacular than the first, where leaders made joint commitments to curb global warming. Now comes the technical consultation that sets out the details of everything.

The EP considers that, globally, Europe has the most concrete roadmap for achieving the desired climate protection goals, which is why it is pursuing a leading goal in the process. They will do so if they need to press for more serious commitments and tangible results in the widest possible international circle through informal pressure, said Bas Eickhout, vice-chair of the Environment Committee (ENVI).

Don’t be more fossil

According to the EP, one of the key issues is to put an end to state support for fossil fuels. The goal should be for these to stay in the ground and be replaced by other sources.

It also means that everything becomes more expensive. “There will be no more cheap energy,” Eickhout said. In this new environment, the EU will be able to remain competitive by leading the transition and building its self-sufficiency capacity, as energy dependence is a geopolitical risk that Russia is exploiting for natural gas.

We need money, we need to speed it up

It is gratifying that the leaders of the states have agreed on funding to allow for a 1.8-degree temperature drop, but many details are still unclear. The necessary framework is expected to be in place by 2023, and it must be agreed during the week’s negotiations that it will be in place by 2022, said Pascal Canfin, chairman of the committee.

The haste is also justified because the schedule so far already seems inadequate. According to the current timetable, the pace of achieving the 2030 targets could be reviewed in 2025 at the earliest, and this is too far away.

Compromise

As the biggest polluters, China or Russia, are involved in the negotiations, but do not show the same level of commitment as the leaders of the developed countries participating in the conference, it would be naive to hope for an overwhelming outcome.

Instead, a compromise is likely to be reached that will hopefully include as many elements and aspects as possible in the construction plan developed and represented by the European Union, MEPs said.

Information

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Source: Napi.hu by www.napi.hu.

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