EU and UK seek ban on subsidies for foreign fossil fuel projects

Contributing sentiments towards policy:

59% : "Member States must accelerate action to end fossil fuel subsidies," it said.
56% : The bloc is making a concerted push to end support for oil, gas and coal.
54% : The UK and EU will push the world's richest countries to end subsidies for foreign oil and gas operations and coal mining at a closed-door OECD meeting next month, according to people familiar with the matter.
54% : The move builds on a commitment by some OECD countries to align public finance institutions with Paris agreement goals to limit global warming to well below 2C and ideally 1.5C above preindustrial levels.
53% : The proposal to cut off the biggest foreign source of public finance for fossil fuels is expected to spark heated negotiations at the OECD's Paris headquarters.
52% : Governments also committed at Glasgow to push bodies such as the OECD and multilateral development banks to update their governance frameworks to align with Paris agreement goals.
52% : The EU has submitted its own proposal, according to one person familiar with the matter, after member states agreed on a draft proposal last month, according to another person familiar.
51% : Its negotiating mandate for this year's COP28 summit in Dubai, agreed by bloc climate ministers this month, says that the EU will call "for a phase out as soon as possible of fossil fuel subsidies which do not address energy poverty or just transition".

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