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G20 Meeting News: G20’s ‘One Earth’ session to focus on strengthening climate-clean energy nexus | India News
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NEW DELHI: Accelerating climate action through higher mitigation and strengthening climate-clean energy nexus to reach global net zero emission as early as possible will be among the focus areas of discussion at the session on ‘One Earth’ during the G20 leaders’ summit beginning Saturday.
Also See: G20 Summit Live
Parleys will see how the countries may negotiate with climate finance issues to steer the world towards accelerating ‘just energy transition’ to reach carbon neutrality in sync with countries’ capabilities and national circumstances.
Officials familiar with the exercise said though the exact number in terms of mitigation goal including peaking emissions and net zero, quantum of climate finance and enhancing renewable energy targets may not be there in the outcome or joint communique on Sunday, the participating countries may pledge to do it ahead of the 28th session of the UN climate change conference (COP28) which is scheduled to be held in Dubai, UAE during November 30-December 12.
It is believed that the issues of tripling of renewable energy capacity, phasing down of unabated fossil fuels and doubling the global rate of emission technologies may not find consensus as certain countries have already raised their objections on these matters during the G20 ministers’ meeting held in July.
The developed countries have, so far, not fulfilled their commitment to bring $100 billion on table which they pledged to do by 2020. It is, however, expected that this goal will be met for the first time in 2023 in the run up to COP28.
India’s approach to deal with the environmental challenges through mindful and deliberate consumption under Mission LiFE (lifestyle for environment) is expected to get traction, specifically when the session will see how the group of developed and emerging economies could collectively pledge for continuing work on environment and climate sustainability priorities.
Under the environmental protection head, the collective efforts to work towards eliminating plastic pollution may find its place in the final outcome specifically when the countries have already committed to develop an “international legally binding instrument” on plastic pollution with the ambition of completing its work by the end of 2024.
“Efforts on expanding the base of different components of clean energy such as hydrogen, biofuel and nuclear for energy transition may reflect in the final outcome,” said an official.
Since the first global stock take of what countries have done so far under the 2015 Paris Agreement is expected to be concluded at COP28 in Dubai, further commitments whatsoever are expected.
Also See: G20 Summit Live
Parleys will see how the countries may negotiate with climate finance issues to steer the world towards accelerating ‘just energy transition’ to reach carbon neutrality in sync with countries’ capabilities and national circumstances.
Officials familiar with the exercise said though the exact number in terms of mitigation goal including peaking emissions and net zero, quantum of climate finance and enhancing renewable energy targets may not be there in the outcome or joint communique on Sunday, the participating countries may pledge to do it ahead of the 28th session of the UN climate change conference (COP28) which is scheduled to be held in Dubai, UAE during November 30-December 12.
It is believed that the issues of tripling of renewable energy capacity, phasing down of unabated fossil fuels and doubling the global rate of emission technologies may not find consensus as certain countries have already raised their objections on these matters during the G20 ministers’ meeting held in July.
The developed countries have, so far, not fulfilled their commitment to bring $100 billion on table which they pledged to do by 2020. It is, however, expected that this goal will be met for the first time in 2023 in the run up to COP28.
India’s approach to deal with the environmental challenges through mindful and deliberate consumption under Mission LiFE (lifestyle for environment) is expected to get traction, specifically when the session will see how the group of developed and emerging economies could collectively pledge for continuing work on environment and climate sustainability priorities.
Under the environmental protection head, the collective efforts to work towards eliminating plastic pollution may find its place in the final outcome specifically when the countries have already committed to develop an “international legally binding instrument” on plastic pollution with the ambition of completing its work by the end of 2024.
“Efforts on expanding the base of different components of clean energy such as hydrogen, biofuel and nuclear for energy transition may reflect in the final outcome,” said an official.
Since the first global stock take of what countries have done so far under the 2015 Paris Agreement is expected to be concluded at COP28 in Dubai, further commitments whatsoever are expected.
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