G20 leaders agreed three times the world’s production capacity renewable energy before 2030This is according to a commitment included in the declaration made at the New Delhi summit on Saturday. However, it is not specified how this commitment will be realized. Moderate and vague in advocating removal of current oil and gas subsidies.
In the statement made in the capital of India, it was said, “We will strive and encourage to triple the global renewable energy capacity with current targets and policies.”in line with national conditions The signed declaration includes the statement “until 2030”.
The Group of Twenty Nations also committed to redoubling efforts on energy technologies, as well as facilitating developing countries’ access to low-cost financing for clean and sustainable energy technologies. “Phasing out and rationalizing inefficient subsidies for fossil fuels in the medium term“.
The countries that pollute the world the most
Fighting climate change is the key point of the G20 summit. Its members are responsible for 80% of global CO2 emissions.
G20 fails to agree on how to triple renewable energy capacity ahead of summit By 2030, it had sparked criticism from COP28’s designated president, Sultan Al Jaber, last July.
G20 economies account for 90% of Gross Domestic Product and also 80% of global CO2 emissions, so their actions are considered critical to both reduce global fossil fuel emissions and support the transition of less developed countries.
That’s why experts think it’s important for G20 leaders to agree on measures such as: Set a deadline to begin reducing all fossil fuels.
In his speech at the G20 summit this Saturday, Brazilian President Luiz Inácio Lula da Silva called for greater commitment from rich countries to mitigate the effects of the climate crisis.
“Those who have historically contributed most to global warming should pay the biggest price “Fight against this,” said Lula, reminding the broken promises that developed countries agreed 14 years ago to provide new and additional climate finance of $100 billion a year to developing countries.
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