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G20 affirms commitment to transition from fossil fuels

The Philippine Star

|

October 27, 2024

G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released on Friday.

Recalling commitments made last year at the COP28 summit in Dubai, the statement recognized plans to accelerate action in this "critical decade, so as to achieve net zero by 2050 in keeping with the science."

It added the transition from fossil fuels should also take place in a "just, orderly and equitable manner."

The statement came after Group of 20 foreign affairs, finance, environment and climate ministers, as well as central bank governors, met on Thursday.

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