COP28: European Commissioner declares the urgent need to move away from fossil fuels

European Commissioner Wopke Hoekstra asserts that the exit from fossil fuels in the final COP28 agreement is not a frivolous request, but a scientifically established urgency. It underlines the need for immediate action to combat climate change.

Share:

commissaire européen Wopke Hoekstra

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

European Commissioner Wopke Hoekstra spoke at the pre-COP meeting in Abu Dhabi, addressing the main issues at stake in the upcoming COP28 negotiations. He stressed that these key elements would determine the outcome and success of the climate conference. Key points include the global assessment of mitigation efforts, the loss and damage fund, and adaptation to climate change.

On mitigation, Commissioner Hoekstra highlighted the need to peak emissions by 2025, move away from fossil fuels, accelerate the transition away from coal, triple renewable energy capacity, double energy efficiency, and solve methane emissions, among other measures. He acknowledged that some of these actions will be easier to accept than others, particularly those related to fossil fuels.

The scientific urgency of climate change

Commissioner Hoekstra recalled that the President of COP28 had stressed that “science should guide us.” He insisted that the science is clear on the urgency of climate change and the need for immediate action. He stressed that the window of opportunity is closing fast, and it is crucial to take decisive action on mitigation.

Climate Finance for Developing Countries

Another crucial issue addressed by the European Commissioner concerns climate finance for developing countries. He noted that the European Union has been active in this area, raising $26 billion of the $100 billion pledged by rich countries. However, he insisted on the need to get things right by ensuring that this fund is limited to the most needy and vulnerable countries, in particular small island states.

The Commissioner also stressed the need to broaden the donor base beyond developed countries. He stressed that economic progress and the status of an economic powerhouse go hand in hand with many responsibilities, including those linked to financing the fight against climate change.

Exit from fossil fuels as an imperative

In response to a question about the EU’s position on phasing out fossil fuels, Commissioner Hoekstra asserted that this was not a frivolous request or a political maneuver. He pointed out that leading experts have stressed the need for ambitious, immediate action, and that the window of opportunity is closing fast. He concluded by stressing the need for a rapid phase-out of fossil fuels in general, and coal in particular.

European Commissioner Wopke Hoekstra’s statement highlights the urgency of the climate change situation. Negotiations at COP28 will play a crucial role in determining global action to mitigate climate change. The need to move away from fossil fuels has become a scientifically established imperative, and the window of opportunity is rapidly shrinking. The international community must show determination and ambition in tackling this global crisis.

The United States strengthens its energy presence in the Eastern Mediterranean by consolidating a gas corridor through Greece to Central Europe, to the detriment of Russian flows and Chinese logistical influence over the Port of Piraeus.
Paris and Beijing agree to create a bilateral climate task force focused on nuclear technologies, renewable energy and maritime sectors, amid escalating trade tensions between China and the European Union.
Ankara plans to invest in US gas production to secure LNG supply and become a key supplier to Southern Europe, according to the Turkish Energy Minister.
Three Russian tankers targeted off the Turkish coast have reignited Ankara’s concerns about oil and gas supply security in the Black Sea and the vulnerability of its subsea infrastructure.
Bucharest authorises an exceptional takeover of Lukoil’s local assets to avoid a supply shock while complying with international sanctions. Three buyers are already in advanced talks.
European governments want to add review and safeguard mechanisms to the trade deal with Washington to prevent a potential surge of US imports from disrupting their industrial base.
The Khor Mor gas field, operated by Pearl Petroleum, was hit by an armed drone, halting production and causing power outages affecting 80% of Kurdistan’s electricity capacity.
Global South Utilities is investing $1 billion in new solar, wind and storage projects to strengthen Yemen's energy capacity and expand its regional influence.
British International Investment and FirstRand partner to finance the decarbonisation of African companies through a facility focused on supporting high-emission sectors.
Budapest moves to secure Serbian oil supply, threatened by Croatia’s suspension of crude flows following US sanctions on the Russian-controlled NIS refinery.
Moscow says it wants to increase oil and liquefied natural gas exports to Beijing, while consolidating bilateral cooperation amid US sanctions targeting Russian producers.
The European Investment Bank is mobilising €2bn in financing backed by the European Commission for energy projects in Africa, with a strategic objective rooted in the European Union’s energy diplomacy.
Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.
Washington imposes new sanctions targeting vessels, shipowners and intermediaries in Asia, increasing the regulatory risk of Iranian oil trade and redefining maritime compliance in the region.
OFAC’s licence for Paks II circumvents sanctions on Rosatom in exchange for US technological involvement, reshaping the balance of interests between Moscow, Budapest and Washington.
Finland, Estonia, Hungary and Czechia are multiplying bilateral initiatives in Africa to capture strategic energy and mining projects under the European Global Gateway programme.
The Brazilian president calls for a voluntary and non-binding energy transition during COP30 in Belém, avoiding direct confrontation with oil-producing countries.
The region attracted only a small share of global capital allocated to renewables in 2024, despite high energy needs and ambitious development goals, according to a report published in November.
The United States approves South Korea’s development of civilian uranium enrichment capabilities and supports a nuclear-powered submarine project, expanding a strategic partnership already linked to a major trade agreement.
The EU member states agree to prioritise a loan mechanism backed by immobilised Russian assets to finance aid to Ukraine, reducing national budgetary impact while ensuring enhanced funding capacity.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.