Fighting global warming: G20 avoids crucial issues

The G20 summit, bringing together 19 countries and the European Union, is being held in New Delhi at a time when climate issues are more crucial than ever. The head of UN Climate has described the statements made by G20 members as "woefully inadequate" in the face of the climate emergency.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The declarations made by G20 members on the fight against global warming are “sadly inadequate” to the urgency of the situation, deplored the head of UN Climate on Wednesday in an interview with AFP, ahead of their summit this weekend in India.

The fight against global warming: The challenges facing the G20 in New Delhi

The G20, which accounts for some 85% of the world economy and greenhouse gas emissions, meets in New Delhi on Saturday and Sunday in the absence of Chinese President Xi Jinping and Russian President Vladimir Putin, against a backdrop of high tensions over the war in Ukraine, the phase-out of fossil fuels and trade issues.

For Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), technological solutions to curb global warming are within reach. But geopolitics is a “constraining factor”, he declared in an interview with AFP, on the sidelines of the African Climate Summit.

The meeting in the Kenyan capital Nairobi saw African leaders call for a substantial increase in investment in renewable energies on the continent, reform of the international financial system and greater support for developing countries, which are the hardest hit by climate change despite being the least responsible for it.

G20 under pressure as greenhouse gas emissions approach peak

The G20 summit, which brings together 19 countries and the European Union, is part of a four-month cycle of major negotiations on global warming, culminating in a UN conference (COP28) in Dubai at the end of November. For Simon Stiell, the declarations made by the G20 countries ahead of their meeting fall far short of what is needed.

“The communiqués that have been issued are woefully inadequate, failing to address the crucial issues that need to be resolved by these 20 countries”, he lamented: “There are still attempts to evade and obstruct around these key issues”. – Send a signal” –

A meeting of G20 energy ministers in July failed to agree a roadmap for phasing out fossil fuels, or to support the scientific consensus that greenhouse gas emissions will peak by 2025.

The G20 summit takes place at a time when countries will be receiving the first official tally of their progress towards the targets agreed in Paris in 2015. Under the Paris Agreement, nearly 200 countries have pledged to limit global warming to “well below” 2°C since pre-industrial times, and preferably 1.5°C.

The hope of reducing greenhouse gas emissions, provided we make a full commitment

These assessments are likely to repeat the disastrous conclusions of a series of UN climate reports, highlighting the inadequacy of the global response.

“There’s work to be done at every level,” says Simon Stiell, adding that “the burden of response falls on 20 countries”. He urged G20 leaders to “send a very strong signal about their commitment to tackling climate change”.

On Monday, the head of the International Energy Agency (IEA) called on the United States and China to put aside “their tensions” to tackle climate issues, in an interview with AFP.

The following day, US climate envoy John Kerry expressed his hope that Washington and Beijing could “come closer together”, while stressing that this cooperation would not be achieved “at any price”.

For Simon Stiell, the technologies needed to reduce greenhouse gas emissions by 43% over the current decade – as recommended by UN experts – are within reach if the richest countries step up their efforts.

100 billion a year: A key challenge for the climate

This means meeting their 2009 commitment to provide $100 billion a year in climate financing by 2020, and helping the most vulnerable countries cope with the immediate impacts of climate change.

While the growing calls for reform of the World Bank and the International Monetary Fund to address climate challenges are taking place outside the framework of the UN climate negotiations, they are nonetheless central, stresses Simon Stiell.

“Finance is everything,” he asserts.

Why does it matter?

In terms of business, finance and the energy market, it is essential to keep a close eye on the G20’s actions to combat global warming.

The decisions taken by these major economies will have a direct impact on the global energy transition, investment in renewable energies, and the global response to climate change.

If the G20 fails to take significant action, this could have serious economic and environmental consequences on a global scale.

Donald Trump threatens to escalate US sanctions against Russia, but only if NATO member states stop all Russian oil imports, which remain active via certain pipelines.
The two countries agreed to develop infrastructure dedicated to liquefied natural gas to strengthen Europe's energy security and boost transatlantic trade.
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Russia continues hydrocarbon deliveries to India and explores new outlets for liquefied natural gas, amid escalating trade tensions with the United States.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.

Log in to read this article

You'll also have access to a selection of our best content.