The bloc of 27 countries and other developed countries called for stronger commitments to cut emissions to meet the ambitious goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels. was “The European Union is here to agree on strong terms,” said European Commission Vice-President Fran Timmermann at the closing ceremony of the summit at the Red Sea resort of Sharm el-Sheikh. We regret that we were unable to achieve this.”What we have before us is not enough for people and the planet,” he said.
Large emitters have not provided enough additional effort to scale up and accelerate emissions reductions. ”The EU, which had threatened to pull out of negotiations if it failed to get better emissions commitments, did not block a final statement after marathon talks ended early Sunday morning.Timmermans pointed to his EU decision to support the creation of a “loss and damage” fund to compensate vulnerable countries affected by climate change at COP27.