11.4 C
Brussels
Thursday, March 28, 2024
EuropeStatement by European Commission President Ursula von der Leyen on the outcome...

Statement by European Commission President Ursula von der Leyen on the outcome of COP26

DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.

DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.

European Commission
European Commission
The European Commission (EC) is the executive branch of the European Union, responsible for proposing legislation, enforcing EU laws and directing the union's administrative operations. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. (Wikipedia)

COP26 is a step in the right direction. 1.5 degrees Celsius remains within reach; but the work is far from done. The least we can do now is implement the promises of Glasgow as rapidly as possible and then aim higher.

I would like to thank Executive Vice-President Frans Timmermans for his crucial role in the negotiations in Glasgow. And I commend everyone who worked tirelessly to make it possible to reach this agreement.

At the start of this conference, we set three objectives:

First, to get commitments to cut emissions also during this decade, to keep within reach the goal to limit global warming to 1.5 degrees. 

Secondto reach the target of 100 billion dollars per year of climate finance to developing and vulnerable countries.

And third, to get agreement on the Paris rulebook.

We have made progress on all three objectives.

Several major emitters have announced new emission reduction targets.

More than 100 countries have now joined the Global Methane Pledge that President Biden and I launched.

We have embarked on new partnerships to support countries on their transition to clean energy, such as with South Africa.

COP26 is sending a clear message that time is up for fossil fuel subsidies and unabated coal.

Second, the COP26 also made progress on climate finance.

With the latest pledges, the 100 billion dollars should be reached in 2023, or already in 2022 if our partners agree to step up further.  

The EU already contributes more than a quarter of global climate finance, with over 27 billion dollars a year.

Third, we now have a set of rules that will boost international carbon markets.

If all long-term commitments announced in Glasgow will be implemented, we should keep global warming under 2 degrees.

So we need to work further, so that next year’s climate conference in Egypt puts us firmly on track for 1.5 degrees.

Everyone has to take their responsibility. In the EU, we will cut our emissions by at least 55% by 2030. We will become the first climate neutral by 2050. And we will continue to support our partners to speed their climate transition.

- Advertisement -

More from the author

- EXCLUSIVE CONTENT -spot_img
- Advertisement -
- Advertisement -
- Advertisement -spot_img
- Advertisement -

Must read

Latest articles

- Advertisement -