August 3, 2023
3 mins read

China refutes allegations of obstructing G20 climate talks

After a recent meeting of G20 energy ministers, they faced a lack of progress in their negotiations as they were unable to reach a consensus on a roadmap to reduce fossil fuels’ presence in the global energy mix…reports Asian Lite News

China has responded to accusations of obstructing climate discussions among G20 environment ministers and expressed regret over the lack of consensus reached during the recent negotiations in India.

According to French ecological transition minister Christophe Bechu, discussions with China, Saudi Arabia, and Russia were challenging.

The Financial Times reported that China employed “wrecking tactics” to hinder debate. However, Beijing has denied these allegations, asserting that such reports do not align with the actual events.

In a statement, the foreign ministry maintained that the meeting yielded a positive and balanced outcome. However, some countries introduced geopolitical matters that ultimately led to the failure to adopt a communique.

After a recent meeting of G20 energy ministers, they faced a lack of progress in their negotiations as they were unable to reach a consensus on a roadmap to reduce fossil fuels’ presence in the global energy mix.

Earlier, China and Russia to support the G20 outcome document and Chair’s summary, which at the culmination of the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting at Gandhinagar, deplored “in strongest terms the aggression by Russia Federation against Ukraine”.

While China stated that the G20 FMCBG meeting was not the right forum to discuss geopolitical issues, Russia dissociated itself from the status of the document.

The outcome document deplored “in the strongest terms the aggression by the Russian Federation against Ukraine and demands its complete and unconditional withdrawal from the territory of Ukraine. Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks”.

“The use or threat of use of nuclear weapons is inadmissible. The peaceful resolution of conflicts, efforts to address crises, as well as diplomacy and dialogue are vital. Today’s era must not be of war,” the outcome document reiterated.

Meanwhile on host of other issues, it looked forward to an ambitious replenishment of the International Fund for Agricultural Development (IFAD) resources at the end of the year by IFAD members, to support IFAD’s fight against food insecurity.

The FMCBG welcomed the discussions on the potential macro-financial implications arising from the introduction and adoption of Central Bank Digital Currencies (CBDCs), notably on cross-border payments as well as on the international monetary and financial system.

It re-emphasised the importance of addressing debt vulnerabilities in low and middle-income countries in an effective, comprehensive and systematic manner.

“… We welcome all efforts for timely resolution of the debt situation of Sri Lanka, including the formation of the official creditor committee, and we call for the resolution as soon as possible,” it said.

The G20 FMCBG reaffirmed the commitment made by developed countries to the goal of mobilising jointly $100 billion climate finance per year by 2020, and annually through 2025, to address the needs of developing countries, in the context of meaningful mitigation action and transparency in implementation.

“Developed country- contributors expect this goal to be met for the first time in 2023. In this context, we also support continued deliberations on an ambitious new collective quantified goal of climate finance from a floor of $100 billion per year to support developing countries, that helps in fulfilling the objective of the UNFCCC and implementation of the Paris Agreement,” the outcome document said.

ALSO READ-AU’s membership in G20 positive move, says Tunisian ex-PM

Previous Story

Steve Jobs’ son launches $200 mn VC fund

Next Story

Fashion enough to sense, to feel the emotions

Latest from -Top News

Chad Ends French Military Presence

In November 2024, Chad announced the end of the security and defence cooperation agreement with France…reports Asian Lite News Chad on Thursday announced a full withdrawal of French troops from the Central

UAE receives first Rafale jet 

In a landmark deal with France’s Dassault Aviation, the UAE Ministry of Defence has inaugurated its first Rafale fighter jet, marking a major step in modernizing its military capabilities. The acquisition includes

DXB sets new benchmark, targets 100m passengers 

Dubai International (DXB) has broken its own record, welcoming 92.3 million passengers in 2024, reaffirming its place as the world’s busiest airport for international travel.    Dubai International (DXB) has marked a

Third Gaza hostage exchange complete 

A significant moment unfolded as Palestinian prisoners were welcomed in Ramallah, while Israeli Prime Minister Netanyahu celebrated the return of three Israeli hostages freed from Gaza.  On Thursday, a significant moment unfolded
Go toTop

Don't Miss

‘Sharp rise in companies’ climate-related risk disclosure’

The percentage of companies reporting on their climate-related targets increased

‘Beijing extends diplomatic, military support to Myanmar junta’

Even militarily, China had extended its support to Myanmar. In