The European Union plans to use its diplomatic and economic muscle to accelerate global energy transition away from fossil fuels, as the bloc aligns its foreign and security policy with its ambitious climate objectives. “EU energy diplomacy will discourage all further investments into fossil fuel based energy infrastructure projects in third countries, unless they are fully consistent with an ambitious, clearly defined pathway towards climate neutrality,” foreign ministers are poised to say in a joint communique on Monday. “The EU will ensure that its trade policy and its trade agreements are consistent with its climate ambition,” ministers will declare, according to a draft of their statement obtained by Bloomberg. EU leaders committed last month to cut the bloc’s 2030 greenhouse emissions by 55% compared to 1990 levels, and affirmed their pledge […]