G20’s carbon capture gamble

The world’s biggest economies have agreed to triple renewable capacity by 2030, but also insist on using unproven technologies for carbon removal instead of phasing down fossil fuels.

At the two-day G20 summit in New Delhi, the world’s major economies agreed to triple the renewable energy capacity by the end of this decade. The consensus, however, has come at the cost of nations also agreeing to boost the use of unproven carbon removal technologies—which are seen as benefiting fossil-fuel economies.

The G20 New Delhi Leaders’ Declaration, signed on Saturday, said the bloc will use existing targets and policies to achieve 3x more renewables capacity globally by the end of this decade. It added that the members will also “demonstrate similar ambition with respect to other zero and low-emissions …


Azman Usmani

Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.