Reuters is reporting the the attempt by the Group of 20 nations to forge a roadmap to phase down the use of fossil fuels in the global energy market has been unable to achieve a consensus after both Saudi Arabia and Russia intervened to oppose the measure.
The energy transition ministers of the G20 nations took part in a four day summit, in the Indian state of Goa, which ended Saturday. At the summit discussions were held on how best to achieve net-zero greenhouse gas emissions globally.
Citing its sources, Reuters reported that the summit ended without a consensus after major fossil fuel suppliers, including Saudi Arabia and Russia, opposed a proposal to triple the renewable energy capacity of G20 nations by 2030.
The agency added that Russia and Saudi Arabia were joined by China, the world’s biggest energy consumer, as well as coal exporters Indonesia and South Africa, in opposing the plan. India, which produces about 75% of its energy from coal, and which is the most populous country in the world, took a neutral position on the matter.
The dissension resulted in the ministers releasing an outcome statement, and a chair summary, instead of the joint communique which would normally be released once complete agreement by all members is achieved.
The statement noted that “different national circumstances” caused “some members” to support a reduction of unabated fossil fuel use, while “others had different views” and advanced the proposition that “abatement and removal technologies” could be a viable alternative strategy.
The statement read, “Fossil fuels currently continue to play a significant role in the global energy mix, eradication of energy poverty, and in meeting the growing energy demand.”
The statement discussed a number of technologies that nations could use, “as per national priorities,” including carbon capture, usage and storage, which would allow for the capture of CO2 emitted through industrial activities.
The G20 nations are made up of 19 nations and the European Union. The group’s objective is to address issues which relate to the global economy, including international financial stability, and climate change.