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G20 leaves out language on fossil fuel phase-out
The New Indian Express Bengaluru
|November 20, 2024
The G20 Leaders' Summit in Rio de Janeiro concluded with a declaration that reaffirmed commitments to multilateralism, sustainable development, and climate finance reform.
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Yet it conspicuously avoided language on fossil fuel phase-out, a critical element in the UAE COP28 global stock-take outcome document and last year's G20 commitments.
Leaders did endorse ambitious climate finance initiatives, including scaling up finance from "billions to trillions" and investments in clean energy transitions, but failed to provide a roadmap for phasing out fossil fuels. Opposition from fossil fuel exporters such as Saudi Arabia allegedly played a significant role in watering down the language.
Denne historien er fra November 20, 2024-utgaven av The New Indian Express Bengaluru.
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