The China Mail - G20 environment ministers race to reach climate consensus

USD -
AED 3.672497
AFN 66.036454
ALL 81.924334
AMD 380.162903
ANG 1.790403
AOA 917.000203
ARS 1451.787039
AUD 1.49402
AWG 1.8025
AZN 1.699493
BAM 1.661132
BBD 2.006879
BDT 121.777831
BGN 1.657805
BHD 0.377029
BIF 2944.418964
BMD 1
BND 1.285906
BOB 6.900857
BRL 5.592797
BSD 0.996391
BTN 89.332937
BWP 13.142542
BYN 2.898136
BYR 19600
BZD 2.003991
CAD 1.370675
CDF 2259.99999
CHF 0.787698
CLF 0.023064
CLP 904.79859
CNY 7.04095
CNH 7.01637
COP 3791.72
CRC 496.780988
CUC 1
CUP 26.5
CVE 93.652061
CZK 20.61705
DJF 177.436202
DKK 6.332069
DOP 62.36729
DZD 129.65002
EGP 47.509863
ERN 15
ETB 154.455231
EUR 0.847695
FJD 2.27745
FKP 0.743131
GBP 0.74025
GEL 2.684991
GGP 0.743131
GHS 11.386202
GIP 0.743131
GMD 73.499594
GNF 8711.715844
GTQ 7.636382
GYD 208.495061
HKD 7.7782
HNL 26.268494
HRK 6.388502
HTG 130.484081
HUF 331.369946
IDR 16796
ILS 3.19072
IMP 0.743131
INR 89.509912
IQD 1305.51474
IRR 42100.000026
ISK 125.279833
JEP 0.743131
JMD 159.063692
JOD 0.708981
JPY 155.937994
KES 128.896448
KGS 87.449617
KHR 3997.842677
KMF 418.999641
KPW 899.961009
KRW 1481.109751
KWD 0.30715
KYD 0.830481
KZT 513.882401
LAK 21585.880634
LBP 89230.605919
LKR 308.538377
LRD 176.366184
LSL 16.645547
LTL 2.95274
LVL 0.60489
LYD 5.406989
MAD 9.12289
MDL 16.872064
MGA 4488.98136
MKD 52.172476
MMK 2099.845274
MNT 3553.409727
MOP 7.985969
MRU 39.722944
MUR 45.970204
MVR 15.459844
MWK 1727.824721
MXN 17.94771
MYR 4.063998
MZN 63.898004
NAD 16.645547
NGN 1454.479952
NIO 36.67465
NOK 10.06477
NPR 142.952997
NZD 1.71273
OMR 0.384502
PAB 0.996611
PEN 3.355982
PGK 4.239923
PHP 58.846021
PKR 279.125897
PLN 3.58653
PYG 6732.622819
QAR 3.642633
RON 4.313402
RSD 99.507042
RUB 78.250296
RWF 1451.515641
SAR 3.750726
SBD 8.146749
SCR 13.717754
SDG 601.5106
SEK 9.17975
SGD 1.28507
SHP 0.750259
SLE 24.050168
SLL 20969.503664
SOS 568.545682
SRD 38.406498
STD 20697.981008
STN 20.808915
SVC 8.720135
SYP 11056.89543
SZL 16.638784
THB 31.110975
TJS 9.168415
TMT 3.5
TND 2.915007
TOP 2.40776
TRY 42.829165
TTD 6.775155
TWD 31.474955
TZS 2466.723973
UAH 41.941319
UGX 3590.993638
UYU 39.060974
UZS 11955.256967
VES 282.15965
VND 26331
VUV 121.541444
WST 2.783984
XAF 557.128054
XAG 0.014356
XAU 0.000223
XCD 2.70255
XCG 1.796091
XDR 0.692794
XOF 557.052354
XPF 101.29184
YER 238.502594
ZAR 16.69165
ZMK 9001.217591
ZMW 22.519638
ZWL 321.999592
  • CMSD

    0.0200

    23.22

    +0.09%

  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    -0.6100

    73.53

    -0.83%

  • GSK

    0.5100

    49.11

    +1.04%

  • AZN

    1.3400

    92.89

    +1.44%

  • CMSC

    0.0332

    23.17

    +0.14%

  • RIO

    0.8000

    80.91

    +0.99%

  • BTI

    0.1500

    56.915

    +0.26%

  • RYCEF

    -0.3200

    15.36

    -2.08%

  • BCE

    0.0150

    22.74

    +0.07%

  • RBGPF

    0.0000

    80.22

    0%

  • VOD

    0.1550

    13.035

    +1.19%

  • RELX

    0.0210

    40.996

    +0.05%

  • JRI

    0.0000

    13.37

    0%

  • BP

    0.4850

    34.62

    +1.4%

  • NGG

    0.6200

    77.05

    +0.8%

G20 environment ministers race to reach climate consensus
G20 environment ministers race to reach climate consensus / Photo: © AFP

G20 environment ministers race to reach climate consensus

Environment ministers from G20 nations meeting in India on Friday raced against time to reach a last-minute consensus on the most contentious issues to redress the global climate crisis.

Text size:

No major breakthrough is expected with delegates from the Group of 20 major economies stuck on climate change adaptation finance, mitigation and peaking emissions by 2025 in hectic negotiations.

The Chennai meeting comes days after the bloc was criticised for failing to agree on a roadmap to cut fossil fuels from the global energy mix.

All present at Friday's conference understood "the severity of the crisis" facing the world, Adnan Amin, chief executive of this year's COP28 climate talks, told AFP.

"But I think there's a kind of political understanding that still needs to be achieved," he added on the sidelines of the meeting.

Any agreements reached in Chennai will be signed by the leaders of G20 nations -- constituting more than 80 percent of global GDP and CO2 emissions -- at a summit in New Delhi this September.

The lack of accord on fossil fuel cuts last week was seen as a blow to mitigation efforts even as climate experts blame record global temperatures for triggering floods, storms and heatwaves.

Some major oil producers -- such as Russia and Saudi Arabia -- were blamed for the lack of progress.

"Given the scale of the triple global crises, climate change, biodiversity loss and pollution, we truly have no time left to waste," Steven Guilbeault, Canada's environment and climate change minister, warned in Chennai on Thursday.

Amin said it was clear that questions of "national interests" still had to be resolved before firmer commitments could be made on fossil fuels.

"It's very clear that every country in the world will start by looking at its immediate self-interest," he said.

"As long as that demand is there, that energy source will continue," the COP28 CEO added.

Most delegations were led by their environment and climate change ministers, while the US delegation was headed by Special Presidential Envoy for Climate John Kerry.

Also at the talks is Emirati oil boss Sultan Al Jaber, who will lead the upcoming COP28 talks in the United Arab Emirates starting in late November.

He has been heavily criticised for his apparent conflict of interest as head of the Abu Dhabi National Oil Company, because burning fossil fuels is the main driver of global warming.

- Livelihoods destroyed -

With raging wildfires in Greece and a heatwave in Italy, European Union environment commissioner Virginijus Sinkevicius said that there was "growing evidence on the ground of devastating climate impact" and "the livelihoods of people are being destroyed".

But progress in global negotiations has been slow, with the G20 polarised by Russia's war in Ukraine and sharp divisions on key issues.

Questions on financing the transition and ameliorating its short-term impacts have long been a point of contention between developing and wealthy nations.

Major developing countries like India argue that legacy emitters need to spend more to underwrite global mitigation efforts in poorer nations.

Big energy-producing nations have resisted stronger commitments on emissions cuts over concerns about the impact of drastic mitigation on their economies.

P.Deng--ThChM