Climate Politics
G-20 Aims to Triple Renewables and Gives Caveat to Fossil Fuels
- Agreement includes use of carbon capture technology: people
- Russia and Saudi Arabia previously raised objections to plan
Boosting renewable energy capacity is seen as crucial to help meet climate targets.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Group of 20 nations will aim to triple renewable energy capacity by 2030 though also offered support to technology that can sustain the use of fossil fuels, easing concerns from Russia and Saudi Arabia that had previously stalled a deal.
Members will make a commitment to “pursue and encourage” efforts to meet the target to increase clean energy generation, according to people familiar with the negotiations.