At the end of the COP28 UN Climate Conference in Dubai, European Union negotiators succeeded, with partners from around the world, to keep alive the possibility of delivering on the commitment in the Paris Agreement to limit global average temperature increase to 1.5 Celsius above pre-industrial levels. With a particular focus on the energy sector in the talks, Parties agreed to accelerate the transition away from fossil fuels this decade, to take action to reduce emissions by 43% by 2030, and set the world on a pathway to reaching net zero emissions by 2050, in line with…

The new law, agreed with member states, sets a target for the EU to restore at least 20% of the EU’s land and sea areas by 2030 and all ecosystems in need of restoration by 2050. EU countries must restore at least 30% of habitat areas in poor condition by 2030, 60% by 2040, and 90% by 2050 Targets to restore drained peatlands to reduce agricultural sector emissions and improve biodiversity Emergency brake included whereby provisions for agricultural ecosystems can be temporarily suspended under exceptional circumstances The new law, agreed with member states, sets…

Yesterday, at the Global Gateway Forum in Brussels, the EU and the Philippines signed the €60 million Financing Agreement for the Green Economy Programme. This programme, a key part of the EU's contribution to the Team Europe Initiative on Green Economy, aims to assist the Philippines in renewing its economy. This includes embracing the circular economy, reducing waste and plastic usage, ensuring water supply and wastewater treatment, promoting energy efficiency, and deploying renewable energy to address the impacts of the climate crisis. To achieve this, the EU will collaborate with the national government, local…