LUXEMBOURG: The EU will seek a global phase-out of fossil fuels and for their use to reach a peak in this decade, according to the member states' common position adopted unanimously late Monday.At the COP28 UN climate talks in November, the bloc will also call for eliminating “as soon as possible” subsidies for fossil fuels which do not serve to combat energy poverty or ensure a “just transition” -- but without setting a deadline as NGOs hoped.“(The European) Council stresses that the transition to a climate-neutral economy will require a global phase-out of unabated fossil fuels and a peak in their consumption in this decade”, said a statement released after the meeting of EU environment mi
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