Pressure mounts on G20 for fossil fuel subsidies deadline

Pressure mounts on G20 for fossil fuel subsidies deadline

  • 22 June, 2016
    Expertos en Red
    Reuters through se4all
  • Summary:

    Energy ministers from the Group of 20 major economies meeting in Beijing this week came under a three-pronged attack on Tuesday over their failure to agree a deadline for the phasing out of subsidies on fossil fuels.

    Officials from the United Nations and European Union, plus 200 non-governmental organizations, urged the G20 to end years of fruitless talks and follow the lead of the Group of Seven industrialized nations by setting a date for the end of subsidies on coal, gas and oil.

    EU officials, speaking on condition of anonymity, said they were pressing for 2025 -- the year already agreed by the G7 -- at Wednesday and Thursday's energy talks, which will be attended by European Energy and Climate Commissioner Miguel Arias Canete.

    An open letter from 200 non-governmental organizations called for a 2020 cut-off date.

    United Nations talks last year in Paris reached a global agreement on curbing climate change and said that temperature rises need to be kept below 2 degrees Celsius (3.6 degrees Fahrenheit) versus pre-industrial levels.

    "Post Paris, the question has become why wouldn't you put a timeline on it?" Rachel Kyte, chief executive of U.N. body Sustainable Energy for All, said of the subsidies proposal.

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