Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
Efforts to agree on a call for a phase down of all fossil fuels at COP27 in Egypt gained a boost in this second week of the UN summit. The EU, which was pushing for even tougher “phase out” language on Monday morning, is set to join the UK and small island states in backing India’s push for the language. It will put pressure on the Egyptian COP27 presidency to include the wording in the first draft of its cover decision, expected early this week. The EU has been at the forefront of efforts to reach climate neutrality by 2050 but its role as a climate vanguard has been complicated at this summit by the energy crisis and the need to replace Russian gas supplies as quickly as possible.
