G20 countries fail to reach agreement on cutting fossil fuels

Members who use fossil fuels disagree with the goal of tripling renewable energy capacity by 2030.

After concerns from several producing nations, the G20 bloc of developed economies meeting in India failed to come to an agreement on the gradual phase-out of fossil fuels on Saturday.

Even as catastrophic weather across the northern hemisphere highlighted the global climate catastrophe, scientists and activists are frustrated by international authorities’ inaction to slow down global warming.

Together, the G20 members account for more than 75 percent of global emissions and GDP, therefore a concerted effort by the group to reduce carbon emissions is essential in the battle to halt climate change globally.

At the conclusion of their four-day meeting in Panaji, the capital of the Indian coastal state of Goa, officials instead issued an outcome statement and a chair summary rather than a joint communique due to disputes, including the anticipated tripling of renewable energy capacities by 2030.

When all topics are fully agreed upon by all members, a joint communiqué is released.

RK Singh, the Indian minister of power, stated that “we had complete agreement on 22 out of 29 paragraphs, and seven paragraphs constitute the chair summary.”

Sections outlining the situation in Ukraine and encouraging affluent nations to mobilise $100 billion (£78 billion) annually for climate action in developing economies from 2020 to 25 also failed to reach agreement.

The use of fossil fuels became a hot topic during the day-long meetings, but officials were unable to agree on how to stop their “unabated” usage and clashed over how to phrase the plan to reduce emissions, according to two persons with knowledge of the situation.

An early version of the document, which Reuters received late on Friday, stated: “The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances, was emphasised.”

Although they were not included in the Friday draught, certain member countries’ objections were included in the chair’s statement on Saturday evening, which stated that “others had different views on the matter that abatement and removal technologies will address such concerns.”

In a news conference held following the summit, Singh stated that some nations preferred to use carbon capture over the phase-down of fossil fuels. He made no mention of the nations.

It is well known that Saudi Arabia, Russia, China, South Africa, and Indonesia oppose the goal of tripling the capacity of renewable energy sources this decade.

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