🧵 1. G20 fails to agree on cutting fossil fuels at India summit, prolonging global climate crisis - objections from major producers hinder progress. #business
🧵 1. G20 fails to agree on cutting fossil fuels at India summit, prolonging global climate crisis - objections from major producers hinder progress. #business
🧵 2. Disappointing outcome at G20 summit as officials drop communique due to disagreements on renewable energy targets and climate funding for developing nations.
🧵 3. Inaction on curbing fossil fuel use frustrates scientists and campaigners as extreme weather events highlight urgent need for action.
🧵 4. Fossil fuel use becomes point of contention in G20 discussions, but consensus eludes on curbing "unabated" usage in joint statement.
🧵 5. Carbon capture proposed as alternative by some countries, hindering agreement on phasing down fossil fuels. Saudi Arabia, Russia, China, South Africa, and Indonesia known to oppose renewable energy goal.
🧵 Read more at: https://www.investing.com/news/commodities-news/g20-draft-tweaked-to-reflect-dissent-on-cutting-unabated-fossil-fuels-3131554
There is no climate crisis