Rome, Oct. 28 (BNA) The Group of 20 major industrialized nations wants to call for “immediate action” to limit global warming to 1.5 degrees at a weekend summit in Rome.
But delegates preparing for the summit have yet to agree on whether the G20 will also commit to a common goal of net greenhouse gas emissions or carbon dioxide neutrality by 2050, German news agency DPA reported.
The G-20 countries combined are responsible for more than 75 percent of all greenhouse gas emissions.
The group recognizes that the effects of climate change are much lower if global warming increases by 1.5 degrees than if it increases by 2 degrees, and “and that immediate action must be taken to keep 1.5 degrees within reach,” the draft states.
“We recognize the key importance of achieving net greenhouse gas emissions or carbon neutrality globally [by 2050]The draft reads as well, with the 2050 target remaining in parentheses.
So far, China has generally only committed to carbon neutrality by 2060.
The draft reaffirms the commitment to reduce emissions in the energy sector with the goal of achieving “largely decarbonized energy systems” in the 2030s.
The G20 countries also aim to do their “best effort” to avoid relentless building of new coal power generation capacity, but note that “national conditions” will be taken into account.
The draft concludes, “We commit to ending the relentless provision of international public finance for newly built coal power generation by the end of 2021 and mobilizing international public finance to support green and inclusive energy development.”
MI