The G20 promises to accelerate the energy transition without a formal agreement

The G20 promises to accelerate the energy transition without a formal agreement

G20 member countries failed to agree on a common communiqué due to “disagreements between countries”.

A meeting of G20 energy ministers ended on Friday without agreeing on a joint statement due to “disagreements”, but with a commitment from major savings to accelerate an “equitable” energy transition, announced host country Indonesia.

The Bali Compact, a non-binding document proposed by Indonesia, which is chairing the G20 this year, detailing the steps needed to achieve a zero emissions goal, has been endorsed by all members of the group, the minister said. #x27;Indonesian energy, Arifin Tasrif.

G20 Energy Ministers have sent a strong signal to the market for policy actors to take action to strengthen an investment-friendly environment […] and enable a clean, sustainable, fair and inclusive energy transition, especially for developing countries, said the minister during a virtual press conference.

While the details of the text have not been published, its principles aim to put in place the conditions to stimulate investment in non-carbon energies, according to the minister.

But the group failed to agree on a formal statement due to disagreements between the countries during the one-day meeting in Bali, Arifin Tasrif said, without give more details.

Several ministers, notably British and French, began their interventions by denouncing the invasion of Ukraine by Russia which destabilized energy supply and world energy markets.

This current energy crisis shows us that we must accelerate the transition to decarbonized energies, but the presence of Russia at the meeting did not allow a consensus to obtain a press release, indicated a source close to the meeting. /p>

The energy crisis demonstrates that the transition to less polluting energies must be accelerated .

The Secretary of State for Ecology, Bérangère Couillard, represented France at the meeting, which was attended by ministers from the United States, Saudi Arabia, Russia, Australia, India and South Africa and several representatives of the European Union.

These talks follow a climate meeting which took place on Wednesday and which also failed to issue a joint statement, reflecting the deep divisions between the world's largest economies.

UK Climate Minister Alok Sharma who was attending this meeting, called on countries to revisit and strengthen their commitments to achieve carbon neutrality.

There must be no backsliding on commitments, pleaded on Twitter the one who chaired the last UN climate conference, COP27.

The meeting is a prelude to the G20 summit, in November member, which Russian President Vladimir Putin is expected to attend, according to his Indonesian counterpart Joko Widodo.

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