For decades, the United States and Europe cast themselves as leaders of the global energy transition. Instead, China has seized that role through massive industrial policy and relentless investment in clean technology. The world’s largest emitter is now also the driving force behind the expansion of renewable energy. This shift is changing the economics – and the politics – of climate action.
All posts tagged: COP30
An EU roadmap to phase out fossil fuels
This year’s climate summit in Belem did not deliver necessary progress to limit temperature rise to 1.5°C. Similarly, the EU’s contribution to the needed global emissions reductions by 2035 are not at the level required. The EU can make up for these failures by starting with the development of an EU roadmap to phase out fossil fuels, in line with its (failed) demand to get a global roadmap in the Belem conclusions. Wendel Trio reports.