G20 Commits to Tripling Renewable Energy Capacity, but Falls Short of Major Goals

G20 leaders have agreed to pursue tripling global renewable energy capacity by 2030 and acknowledged the need to phase down unabated coal power, but fell short of setting major climate goals. Disagreements among the 20 major economies, including Russia, China, Saudi Arabia, and India, prevented the adoption of more ambitious targets to cut greenhouse gas emissions. The declaration emphasized the importance of tripling renewable energy capacity by 2030 "in line with national circumstances" and accelerating efforts to phase down unabated coal power. However, it did not mention reducing the usage of crude oil. The G20's commitment to decarbonization is crucial in the global fight against climate change, and the outcome of their climate talks will be closely watched ahead of the COP28 U.N. climate summit later this year.