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COP28: Leaders call on G20 to ramp up renewable energy and adaptation finance
30 Jul, 2023 / 11:06 pm / OMNES Media LLC

Source: http://www.mashable.com

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Mashable: The G20, responsible for approximately 80% of global emissions, faces a critical test as it gears up for a vital ministerial climate meeting in Chennai.

In the countdown to the Dubai Summit, pressure is mounting on the G20 to lead the way in driving a decisive and credible outcome at COP28, aiming for a significant reduction in emissions. Dr Sultan Al Jaber, COP28 President-designate, and Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change, called on the G20 to act now, asserting that the urgency of the climate crisis demands immediate action, not delayed promises.

The G20, responsible for approximately 80% of global emissions, faces a critical test as it gears up for a vital ministerial climate meeting in Chennai. As the main G20 gathering approaches in September, the spotlight is on its leaders to set the stage for the November 30 to December 12 COP28 summit. This meeting will be crucial in determining the fate of future climate action.

 

With extreme weather events like heatwaves and flash floods wreaking havoc worldwide, June witnessed record-breaking temperatures, as per EU scientists' reports. The alarming trend underscores the need for a strong mitigation outcome at COP28, building upon the progress achieved in previous COPs.

Dr. Al Jaber and Stiell's joint statement emphasizes the necessity of accelerating the phasedown of all fossil fuels responsibly. They advocate for an energy system free of unabated fossil fuels by the mid-century while ensuring access for all and promoting sustainable development.

Renewable energy takes center stage in their vision for a greener future, with a call to triple global renewable energy capacity and double energy efficiency improvements across sectors by 2030.

The G20's recent energy ministerial meeting did not provide the desired clarity on transforming global energy systems and scaling up clean energy sources. Dr. Al Jaber and Stiell stress that the G20's decisions should align with scientific recommendations and pave the way for a just transition that supports the development challenges faced by developing nations.

Key areas of focus include the "global goal on adaptation" to help countries adapt to the effects of climate change and operationalizing the loss and damage fund established at COP27. Urgent support is required for those at the forefront of climate change impacts.

As the world faces a pivotal moment in the fight against climate change, the leaders highlight the importance of doubling adaptation finance and transforming climate finance arrangements to mobilize private investment on an unprecedented scale.

Moreover, the G20's emissions reduction pledges must align with the Paris Agreement's goal of limiting global warming to 1.5°C above pre-industrial levels to signal the commitment to climate action.

With the clock ticking and the Dubai Summit drawing closer, the G20 bears a tremendous responsibility. The decisions made during the Chennai climate meeting will shape the trajectory of climate action for years to come. The world is watching as leaders convene to tackle the climate crisis and ensure a sustainable and equitable future for all.