"G-20 Climate Talks Stall Ahead of Rome Leaders’ Summit"

"The world’s major economies are gridlocked in their efforts to agree concrete steps to tackle climate change just two weeks before a crucial summit in Rome, according to three people familiar with the matter.

Preparatory talks between G-20 officials this week failed to end in an agreement to reduce coal subsidies and curb methane emissions. There wasn’t even a consensus on striving toward net-zero emissions and limiting global warming to 1.5 degrees from pre-industrial levels, the people said, asking not to be named discussing confidential deliberations.

The G-20 summit will take place immediately before crunch climate change talks, known as COP26, where leaders hope to unveil a big-sounding agreement. Earlier this week, COP26 President Alok Sharma, said the Rome summit would be a “make or break” moment for ensuring the world avoids climate catastrophe."

Alessandro Speciale, Chiara Albanese, and Alberto Nardelli report for Bloomberg Environment October 15, 2021.

SEE ALSO:

"UN Launches Pledge to Stop Building New Coal Power Plants" (Bloomberg Environment)

"Factbox: Climate Targets – Making Sense Of The Promises" (Reuters)

"U.S. Climate Adviser Kerry To Visit Mexico, Britain This Week" (Reuters)

Source: Bloomberg Environment, 10/18/2021