G20 bloc fails to reach agreement on cutting fossil fuels | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

The Group of 20 major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. | News24_Business

Scientists and campaigners are exasperated by international bodies' foot-dragging on action to curb global warming even as extreme weather from China to the United States underlines the climate crisis facing the world.

But it was dropped due to disagreements including the intended tripling of renewable energy capacities by 2030. Fossil fuel use became a lightning rod in day-long discussions, but officials failed to reach consensus over curbing"unabated" use, two sources familiar with the matter said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India bans some rice exports immediately, SA may face trouble if it lasts long | BusinessIndia, the world’s biggest rice exporter, has banned some overseas sales of the grain 'with immediate effect', the government said, in a move that could drive international prices even higher. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »