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Europe's biggest climate policy heads for final-hour talks

Reuters · Reuters · last updated

European Union negotiators meet on Friday to attempt to strike a deal on an overhaul of the bloc’s carbon market, its main policy tool for fighting climate change, plus a multi-billion-euro fund to shield poorer citizens from CO2 costs.

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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