NEW DELHI (AP) — G20 leaders agreed Saturday to triple renewable energy and try to increase the funds for climate change-related disasters but maintained the status quo with regards to phasing out carbon spewing coal. At a news conference shortly after the leaders of the Group of 20 of the world’s biggest economies — which also emit 80% of all planet-warming gases — announced the agreement, Amitabh Kant, a senior Indian government official leading some of the G20 negotiations, called it 'probabl
Global leaders and climate experts say the declaration had largely taken the conversation forward, setting the stage for an ambitious climate agreement when they meet at the global climate conference, COP28, in Dubai later this year.
“These 20 countries account for 80% of global emissions, so this declaration sends a powerful signal for climate progress," said Sultan al-Jaber, who will preside over the climate summit in Dubai.“While the G20’s commitment to renewable energy targets is commendable, it sidesteps the root cause — our global dependency on fossil fuels,’” said Harjeet Singh of Climate Action Network International.
"It’s high time for rich nations in this group to lead by example, turn their promises into actions, and help forge a greener, more equitable future for all,” said Singh, who has tracked international climate negotiations for over two decades.For the first time, the G20 countries agreed on the amounts required to shift to clean energy. The document states that $5.9 trillion is need up to 2030 by developing countries to meet their climate goals.
“This G20 has seen many firsts,” said Madhura Joshi, a Mumbai-based energy analyst with the climate think tank E3G. “However, it’s disappointing that the G20 could not agree on phasing down fossil fuels.” "Increasing renewables and reducing fossil fuels need to necessarily happen together – we need stronger bolder action from leaders on both. All eyes now on COP28 – can the leaders deliver?” he said.Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative
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