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Europe’s Push for G-20 Net Zero Pledge Is Thwarted in Venice

  • Attempt to include pledge in communique opposed at G-20 event
  • Ministers will recognize role of carbon pricing for first time
Updated on

Finance ministers of the Group of 20 major economies meeting in Italy have failed to agree on a climate pledge to achieve net zero greenhouse gas emissions by 2050, according to people familiar with the matter.

A push by European nations to include the language in the G-20’s communique, which is due to be finalized on Saturday, was thwarted by several countries that are more reliant on fossil fuels, said the people, who asked not to be named because the discussions are private.