G-20 Ministers Fail to Agree on Key Climate Issues in Wide Rift
- India’s Environment Minister says consensus on 95% of issues
- Canadian Minister says accord gives fighting chance at COP28
G20 logo in Gandhinagar, India.
Photographer: Dhiraj Singh/BloombergThe Group of 20 environment and climate ministers’ meeting in India ended without an agreement on key issues such as energy transition, cutting emissions, green border taxes and phasing down fossil fuels, exposing a wide rift among the countries on combating climate change.
Some members pushed for global peaking of emissions by 2025, reducing emissions 60% by 2035 from 2019 levels, and the need for reaching net zero by 2040 by developed nations, according to a 31-page outcome document and chair’s summary. The issue of cutting greenhouse gas emissions, phasing down fossil fuels, doubling the rate of energy efficiency and tripling renewable capacity were also discussed, but no consensus could be arrived on those.