The G20 avoids calling for the abandonment of fossil fuels in its declaration

The G20 avoids calling for the abandonment of fossil fuels in its declaration

The leaders of the G20meeting in New Delhi, avoided calling for abandoning the fossil fuelsdespite the fact that his statement released this Saturday contains warnings about the climate crisis.

The leaders of the forum recognized the importance of “accelerate efforts to eliminate coal as an energy source”after a UN report noted that the abandonment of fossil fuels It is “indispensable” to achieve the goal of net zero emissions.

The final declaration of the summit, released one day before the formal closing of the meeting, reaches minimum agreements on climate and other issues, reflecting the divisions in the bloc of the 20 large economies.

The group called for “rapidly and substantially increasing” climate investment and financing and called for more resources to help developing countries make a green transition to meet the goals.

The statement also called on rich countries to fulfill their commitments to help vulnerable nations adapt to the climate changeand urged multilateral financial institutions to establish more ambitious financing goals.

Additionally, members of the group announced their support for efforts to triple global renewable energy capacity by 2030.

He G20 “will undertake and encourage efforts to triple renewable energy capacity,” according to the joint statement.

”We commit to urgently accelerate our actions to address the crisis and environmental challenges, including climate change,” added the final text of the quote.

(With information from AFP)

Source: Gestion

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