The Catholic narrative at the COPs is related to the financing of Loss and Damage (L&D), the financing of just transition in terms of alternative energies, and the urgent need to phase out fossil fuels (coal, oil, and gas). In line with this, earlier this year, the Vatican Dicastery for Human Development adopted the Fossil Fuel Non-Proliferation Treaty calling for the proliferation of coal, oil and gas by ending all new exploration and production of coal, oil and gas, an existing phase-out production of fossil fuels in line with the 1.5ºC global climate goal and a fast track in real solutions and a just and fair transition for everyone.
In this sense, the outcome of COP 27 is deeply disappointing for the Catholic community who hoped and worked for an advanced agreement on fossil fuel phase-out. Instead, what was agreed upon was a copy and paste of the Glasgow accord referencing a phase-down of unabated coal power, phase-out of inefficient oil subsidies, and the inclusion of a transition to low-emission energy, which is essentially gas that is a source of GHG emissions. (Full report available here)