Specifically, the G20 agreed to advance the goal of tripling global renewable energy capacity by 2030, while also finding ways to increase funding to help tackle climate change-related disasters.
theo reutersThe G20 also agreed on the need to gradually reduce the use of coal energy but did not set significant climate targets.
Amitabh Kant, a senior Indian official, called the agreement perhaps the “most ambitious” document on climate action yet. Meanwhile, climate and energy experts, though not as optimistic, still believe the G20 has sent a strong message about tackling climate change.
The launch event of the Global Biofuels Alliance took place on 9 September on the sidelines of the G20 Summit in New Delhi – India. Photo: Reuters
The above plan is expected to pave the way for an ambitious climate agreement at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) to be held in the United States. United Arab Emirates (UAE) later this year.
COP28 President Mr Sultan Al-Jaber said the G20 accounts for about 80% of global emissions, so his statement sends a strong signal of progress in the fight against climate change.
However, some experts were disappointed when the G20 could not reach an agreement on phasing out fossil fuels at the summit in India. Madhura Joshi, an energy analyst in Mumbai-India, emphasized that increasing renewable energy and reducing fossil fuels need to be done in parallel.
