EU Parliament urges ending all fossil fuel subsidies globally by 2025
The European Parliament approved its COP28 position calling for an end to all direct and indirect fossil fuel subsidies globally by 2025 and tripling renewable energy by 2030. The push intensifies global pressure on fossil fuel support relevant to India's energy policy and transition planning.
The European Parliament approved its proposals for COP28 with 462 votes in favour, 134 against and 30 abstentions, outlining EU strategic goals ahead of the conference, which marks the first Global Stocktake under the Paris Agreement. The resolution calls for ending all direct and indirect fossil fuel subsidies at national, EU and global levels as soon as possible and by 2025 at the latest. MEPs also support tripling renewable energy and doubling energy efficiency by 2030, plus a tangible phasing out of fossil fuels.
The resolution affects fossil fuel producers, energy policymakers and countries maintaining subsidy regimes. It seeks to halt all new investments in fossil fuel extraction and asks all countries to strengthen climate commitments and increase international climate financing. While the position is a non-binding negotiating mandate for EU representatives, it signals heightened political pressure on fossil fuel support globally, affecting energy-intensive sectors and governments, including major economies that continue subsidising fossil fuels and new extraction projects.
Governments and energy companies should monitor how the EU's COP28 negotiating position shapes Global Stocktake outcomes and international momentum on fossil fuel subsidy phase-out. Indian energy policymakers and fossil-fuel-exposed companies should track the calls to triple renewables and double energy efficiency by 2030, alongside the demand to end fossil fuel subsidies by 2025. Stakeholders should assess implications for fossil fuel investment, international climate finance contributions, and the strengthening of national climate commitments.
Key figure — Vote result: 462 in favour, 134 against, 30 abstentions on COP28 position
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