G20 leaders agreed to triple the world’s capacity to generate renewable energy by 2030, according to a commitment embodied in the New Delhi summit declaration this Saturday. “We will pursue and encourage efforts to triple global renewable energy capacity through existing targets and policies,” said the statement reached in the Indian capital, “in line with national circumstances by 2030.”
The Group of Twenty nations also committed to facilitating developing countries’ access to low-cost financing for clean and sustainable energy technologies, as well as to redouble efforts to “phase out and rationalize, in the medium term, “inefficient fossil fuel subsidies.” The fight against climate change is a key point at the G20 summit, whose members are responsible for 80% of global CO2 emissions.
The G20’s lack of agreement before the summit on how to triple renewable energy capacity by 2030 had prompted criticism from COP28 president-designate Sultan Al Jaber last July. The G20 economies account for 90% of the Gross Domestic Product and also account for 80% of global CO2 emissions, so their actions are considered critical both to reduce global fossil fuel emissions and to support the transition of male countries. . os developed.
That is why experts consider it essential that G20 leaders manage to agree on measures such as setting a deadline to begin reducing all fossil fuels. The president of Brazil, Luiz Inácio Lula da Silva, demanded this Saturday a greater commitment from rich countries to mitigate the impacts of the climate crisis, during his speech at the G20 summit.
“Those who have historically contributed the most to global warming must bear the greatest costs of combating it,” Lula said, recalling the unfulfilled promise that developed countries agreed 14 years ago to provide $100 billion a year in new and additional climate financing to the developing nations.
