The European Union (EU) is considering a proposal to phase out using fossil fuels in the near future, as reported by Reuters on February 7. The proposal aims to reduce greenhouse gas emissions from the use of fossil fuels by 90% by 2050. This plan, which is expected to be presented at the upcoming COP28 climate conference, would require a significant shift in the energy production and consumption habits of the EU and its member states.

This plan would be a significant step forward in the global fight against climate change and a strong signal of the EU’s commitment to reducing emissions and transitioning to a low-carbon economy. However, the proposal faces many challenges. It remains to be seen how the proposal will be received by member states and whether it will be adopted in its current form. The EU has a long history of setting ambitious targets for reducing emissions, but its ability to achieve these targets has been hampered by resistance from certain member states and industries. Last year, the EU has backed a call made by India at the COP27 climate conference to phase down all fossil fuels.

https://www.reuters.com/world/europe/eu-considers-push-fossil-fuel-phasedown-ahead-cop28-draft-2023-02-07/

https://www.euractiv.com/section/energy-environment/news/eu-backs-cop27-call-to-phase-down-all-fossil-fuels/