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Ursula von der Leyen : “Today's agreement marks the beginning of the post-fossil era”

For EU, COP28 has been the opportunity to discuss carbon pricing with other Parties. Participants have been able to lay the ground for broader financial reforms, new innovative sources of funding, and aligning all financial flows with the Paris Agreement.” This is the Statement of President von der Leyen on the outcome of COP28.

“I welcome the successful conclusion of the COP28 UN Climate Conference and the first Global Stocktake of the Paris Agreement. It is good news for the whole world that we now have a multilateral agreement to accelerate emission reductions towards net zero by 2050, with urgent action in this critical decade. This includes an agreement  by all parties to transition away from fossil fuels. We have agreed on reducing global emissions by 43% by 2030, in line with the best available science, to keep 1.5 Celsius within reach. This will keep us on track with the goals of the Paris Agreement, and speed up the transition to a cleaner and healthier economy (...)".

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