Daily Management Review

G20 Bloc Is Unable To Agree On Reducing The Use Of Fossil Fuels


Following protests from several producer nations, the Group of 20 (G20) major economies' conference in India on Saturday was unable to come to a consensus on the gradual phase-out of fossil fuels.
Even as catastrophic weather from China to the United States highlights the global climate issue, scientists and activists are frustrated by the international authorities' inaction to stop global warming.
Together, the G20 members account for more than 75 percent of global emissions and GDP, thus a concerted effort by the group to decarbonize is essential in the battle to combat climate change globally.
At the conclusion of their four-day meeting in Bambolim, in the Indian coastal state of Goa, authorities 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.
"We had a complete agreement on 22 out of 29 paragraphs, and seven paragraphs constitute the Chair summary," Indian Power Minister R.K. Singh said.
Sections outlining the conflict in Ukraine and pushing developed nations to meet their agreed aim of mobilising $100 billion per year for climate action in developing economies from 2020–2025 failed to garner support.
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.
The significance of making efforts towards the phase-down of unabated fossil fuels, in line with varied national conditions, was stressed, according to a draught that Reuters reviewed late on Friday.
However, the chair's statement, which was made public on Saturday evening, noted that "others had different views on the matter that abatement and removal technologies will address such concerns" and added concerns from several member countries that were not included in the Friday draught.
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 major fossil fuel producers Saudi Arabia, Russia, China, South Africa, and Indonesia oppose efforts to triple the capacity of renewable energy sources by the end of this decade.