• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A motorist rides past a hoarding decorated with flowers to welcome G20 foreign ministers in New Delhi, India, March 1, 2023. REUTERS/Amit Dave/File photo
A motorist rides past a hoarding decorated with flowers to welcome G20 foreign ministers in New Delhi, India, March 1, 2023. REUTERS/Amit Dave/File photo
A member of India's military force stands guard at the G20 foreign ministers meeting in New Delhi, India March 2, 2023.  Olivier Douliery/Pool via REUTERS/File Photo
A member of India's military force stands guard at the G20 foreign ministers meeting in New Delhi, India March 2, 2023. Olivier Douliery/Pool via REUTERS/File Photo
Home
Sectors
Sustainability

G20 nations fail to agree on emission reduction targets at talks

July 28th, 2023 | 12:24 PM SECTORS Sustainability 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Peru labor watchdog probes China's MMG Las Bambas mine after accident kills 2 workers
US auto safety regulator probes 1.2 million Tesla vehicles over suspension failure risks
Fujimori's mining push could spur unrest in Peru, study says
NHTSA receives complaint related to some Honda minivan air bags
By Kate Abnett, Praveen Paramasivam

The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as "insufficient".

The impasse - the latest in a string of inconclusive international conferences - came days after scientists again raised the alarm, saying human-induced climate change has played an "absolutely overwhelming" role in the extreme heatwaves that have swept across North America, Europe and China.

After three days of meetings in the southern Indian city of Chennai, organisers released a document showing the bloc remained divided on calls, led by developed nations, to reduce the emission of greenhouse gases by 2025 and cut them by 60% by 2035 over 2019 levels.

Members could not agree on depleting carbon budgets, historical emissions, net-zero goals and the issue of financing to support developing countries, the document showed.

The Indian meeting had been seen as a chance for the world's biggest polluters to take concrete steps ahead of a G20 leaders' meeting in September in New Delhi and the COP28 Summit in the United Arab Emirates in December.

Developed countries in the group had demanded mitigation of greenhouse gas emissions to limit global warming to 1.5 Celsius, an Indian official said.

The demands were opposed by developing countries who said the mitigation targets - aimed at cutting or eliminating greenhouse gas emissions, or removing them from the atmosphere - would limit their ability to develop infrastructure and grow, the official said.

China and oil-rich Saudi Arabia backed away from making commitments in the G20 talks, members of a European delegation said.

The EU's Environment Commissioner said the G20 countries were "nowhere" on their commitments to address climate change.

Speaking at the end of the meeting, Virginijus Sinkevicius said some delegations had tried to walk back previous climate pledges - a stance he said Europe could not accept.

"We were asked to make bold choices, to demonstrate courage, commitment and leadership. But we, collectively, failed to achieve that. We cannot be driven by the lowest common denominator, or by narrow national interests. We cannot allow the pace of change to be set by the slowest movers in the room," he said.

India's environment and external affairs ministries did not respond to an email seeking comments on the commissioner's remarks.

The failure to reach an agreement comes just a week after the G20 major economies' disagreement on phasing down fossil fuels following objections by some producer nations.

  • Topic
  • G20
  • INDIA/ (UPDATE 3, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Peru labor watchdog probes China's MMG Las Bambas mine after accident kills 2 workers

Related Posts

Sustainability
August 19th, 2026

Peru labor watchdog probes China's MMG Las Bambas mine after accident ki...

Sustainability
July 31st, 2026

US auto safety regulator probes 1.2 million Tesla vehicles over suspensi...

Sustainability
July 15th, 2026

Fujimori's mining push could spur unrest in Peru, study says

Sustainability
July 14th, 2026

NHTSA receives complaint related to some Honda minivan air bags

Sustainability
July 8th, 2026

Australia watchdog reviews Big Four audit complaints amid KPMG probe

Sustainability
July 6th, 2026

French firm Carester to build rare earths separation plant in Malaysia's...

The Wire
Aug 20th 5 h ago
Investigates

In China, rocket launches fuel tourism and space-age dreams

Aug 19th 6 h ago
Asia Pacific

Japan exports rise 23.2% year/year in July

Aug 19th 6 h ago
Baseball

D-backs score twice in 10th, salvage series finale at Red S...

Aug 19th 6 h ago
Government

US tells schools not to alter discipline policies to reduce...

Aug 19th 6 h ago
Transactional

China tax crackdown forces wealthy investors to assess thei...

TRENDING ON FINANCETIME
Aug 19th, 2026 Tennis

Paul ousts top seed Zverev to reach Cincinnati quarter-finals

Aug 19th, 2026 Litigation

AIA Group's first-half new business value rises 10%

Aug 19th, 2026 Energy

Brazil's largest thermal power plant shut down after equipment failure

Aug 19th, 2026 United Kingdom

Key moments in Prince Harry and Meghan's six years in California

Aug 19th, 2026 Sports

Orioles reinstate C Samuel Basallo (shoulder) to active roster

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT