NEW DELHI: G20 leaders on Saturday agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase down unabated coal power, but stopped short of setting major climate goals.
The world’s 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut greenhouse gas emissions and increase renewable energy targets.
One such sticking point was a proposal by Western countries to triple renewable energy capacity by 2030 and cut greenhouse gas emissions by 60 percent by 2035, which was opposed by Russia, China, Saudi Arabia and India during sherpa-level meetings, three officials told Reuters.
The declaration adopted by G20 leaders on the first day of the two-day summit in New Delhi did not mention cutting greenhouse emissions.
It said member nations “will pursue and encourage efforts to triple renewable energy capacity globally ... in line with national circumstances by 2030.”
The G20 member countries together account for over 80 percent of global emissions and a cumulative effort by the group to decarbonize is crucial in the global fight against climate change.
Climate talks at the bloc’s summit will be keenly watched by the world ahead of the COP28 UN climate summit in the UAE later this year.
The G20 has agreed that “national circumstances” will be factored into the phasing down of “unabated coal power” but did not mention reduction in usage of crude oil, suggesting that countries like oil-rich Saudi Arabia prevailed during the negotiations.
