Ukraine war leads to dash for gas
"The EU stands ready to update our NDC," EU climate chief Frans Timmermans told the COP27 summit in Egypt, referring to the bloc's Nationally Determined Contribution, or target to reduce emissions in line with the 2015 Paris agreement to curb global warming.The EU has among the most ambitious climate change policies of major emitters, having committed to cut its net greenhouse gas emissions 55% by 2030, from 1990 levels, and eliminate them by 2050.
EU policymakers say the use of more fossil fuel is temporary, and cite plans to expand renewable energy that the European Commission proposed making more ambitious this year to help countries quit Russian gas faster. Germany, Europe's biggest economy, is among those racing to build gas infrastructure to import non-Russian fuel., which has billions of cubic metres of gas reserves - even after pledging last year to stop funding overseas fossil fuel projects.
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