Commodities and Futures News

G20 draft tweaked to reflect dissent on cutting ‘unabated’ fossil fuels

2023.07.22 06:53


© Reuters. FILE PHOTO: Labourers work next to electricity pylons in Mumbai, India, October 13, 2021. REUTERS/Francis Mascarenhas/File Photo

By Sudarshan Varadhan and Nidhi Verma

BAMBOLIM, India (Reuters) – A draft statement by Group of 20 energy officials was edited on Saturday to reflect concerns from some members on phasing down “unabated” fossil fuels, according to documents reviewed by Reuters and two people familiar with the matter.

Major fossil fuel producers Saudi Arabia and Russia have opposed a proposal to triple G20 countries’ renewable energy capacity in long debates at a ministers’ meeting in India working on a statement for the G20 summit in the capital New Delhi in September.

A draft late on Friday read: “The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances was emphasized.”

On Saturday, the draft added: “Others had different views on the matter that abatement and removal technologies will address such concerns.”

The phrase “abatement and removal technologies” refers to carbon capture and removal technologies, one source said.

It was not immediately clear who expressed concerns about the earlier language. The India delegation did not immediately respond to a request for comment.

G20 chair statements are typically edited multiple times before a final version is presented at the end of a conference.

The draft for the meeting in the western state of Goa was still being edited, a third source said, declining to elaborate. The meeting’s chair, Indian Electricity Minister R.K. Singh, is expected to brief the media about the G20 conference late on Saturday.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 99,560.68 5.27%
ethereum
Ethereum (ETH) $ 3,066.00 8.12%
xrp
XRP (XRP) $ 2.90 7.18%
tether
Tether (USDT) $ 0.999757 0.03%
solana
Solana (SOL) $ 225.79 12.07%
bnb
BNB (BNB) $ 660.39 3.39%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.320089 9.36%
cardano
Cardano (ADA) $ 0.901636 9.50%
staked-ether
Lido Staked Ether (STETH) $ 3,063.59 8.12%
tron
TRON (TRX) $ 0.242061 4.04%
chainlink
Chainlink (LINK) $ 22.97 11.86%
avalanche-2
Avalanche (AVAX) $ 33.18 12.35%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 99,396.63 5.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,649.69 8.04%
the-open-network
Toncoin (TON) $ 4.89 3.30%
stellar
Stellar (XLM) $ 0.38821 8.63%
hedera-hashgraph
Hedera (HBAR) $ 0.30116 10.42%
sui
Sui (SUI) $ 3.72 10.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 8.14%
weth
WETH (WETH) $ 3,062.75 8.19%
leo-token
LEO Token (LEO) $ 9.75 0.22%
polkadot
Polkadot (DOT) $ 5.73 10.80%
litecoin
Litecoin (LTC) $ 110.12 9.55%
bitget-token
Bitget Token (BGB) $ 6.76 9.20%
bitcoin-cash
Bitcoin Cash (BCH) $ 410.43 6.00%
hyperliquid
Hyperliquid (HYPE) $ 20.99 10.84%
usds
USDS (USDS) $ 1.00 0.01%
uniswap
Uniswap (UNI) $ 10.53 12.67%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,245.14 8.12%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
official-trump
Official Trump (TRUMP) $ 26.44 9.58%
near
NEAR Protocol (NEAR) $ 4.46 10.84%
pepe
Pepe (PEPE) $ 0.000012 17.04%
aave
Aave (AAVE) $ 293.02 12.20%
mantra-dao
MANTRA (OM) $ 4.52 1.98%
aptos
Aptos (APT) $ 7.26 11.76%
internet-computer
Internet Computer (ICP) $ 8.56 7.21%
whitebit
WhiteBIT Coin (WBT) $ 28.15 1.08%
ondo-finance
Ondo (ONDO) $ 1.28 11.62%
monero
Monero (XMR) $ 212.11 4.88%
ethereum-classic
Ethereum Classic (ETC) $ 25.10 6.79%
mantle
Mantle (MNT) $ 1.10 7.52%
bittensor
Bittensor (TAO) $ 436.38 3.20%
dai
Dai (DAI) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.128744 7.37%
vechain
VeChain (VET) $ 0.043154 9.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.399389 9.68%
okb
OKB (OKB) $ 52.59 3.95%
kaspa
Kaspa (KAS) $ 0.121715 7.60%