No commitment to fossil fuel 'phase down' during Cop27
Cop27 leaves oil and gas unscathed
Opposition from producer countries made a commitment to ‘phase down’ fossil fuels impossible
November’s Cop27 conference ended in disappointment for climate activists after two weeks of talks in the Egyptian resort of Sharm el-Sheikh failed to produce consensus on a timeline for ending the production of fossil fuels. Some countries, along with a huge array of NGOs, came to the summit hoping to arrive at a clear schedule for phasing out oil and gas production. Kausea Natano, prime minister of Tuvalu—a Pacific archipelago highly vulnerable to rising sea levels—hit the headlines with his call for a ‘fossil fuel non-proliferation treaty’. Advocates of such a treaty demand an immediate end to new oil and gas projects and call for existing production to decline “at a pace consistent with
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
