G20 Summit: China and Saudi Arabia are opposing drastic steps for phasing out fossil fuels.
New Delhi:
With just hours left for the G20 Summit to begin, climate change is already turning to be a contentious point among the leaders, sources said. The group has been divided on commitments to phasing down fossil-fuel use, increasing renewable energy targets and reducing greenhouse gas emissions.
China and Saudi Arabia are opposing drastic steps for phasing out fossil fuels.
G20 sherpas or negotiators have made progress on several issues but the main point sticking point is the language in the leaders’ declaration on climate change.
Three key climate issues will be on the table in New Delhi: a push to triple global renewable energy capacity by 2030; weaning economies off fossil fuels — particularly coal; and finance for the green transition in developing countries.
In July, G20 energy ministers failed to even mention coal in their final statement, let alone agree a phase down roadmap, and there was no progress on the renewables goal.
The other issue that is expected to be a major talking point during the two-day Summit is Russia’s attack on Ukraine.
