Oil Change International response to G20 Energy Transitions Ministerial meeting outcome
“Barely one year after the unprecedented COP28 decision to transition away from fossil fuels, the G20 seems to be suffering from collective amnesia. Producing a communiqué on the energy transition in 2024 that fails to even mention fossil fuels is absurd and deeply concerning. It raises questions about whether countries are serious about their international climate commitments.”
FOR IMMEDIATE RELEASE
Contact:
Nicole Rodel, Oil Change International – nicole@priceofoil.org
In response to the outcome of the G20 Energy Transitions Ministerial meeting, Romain Ioualalen, Global Policy lead at Oil Change International, said:
“Barely one year after the unprecedented COP28 decision to transition away from fossil fuels, the G20 seems to be suffering from collective amnesia. Producing a communiqué on the energy transition in 2024 that fails to even mention fossil fuels is absurd and deeply concerning. It raises questions about whether countries are serious about their international climate commitments. Instead of reneging on past agreements while the world burns, countries should be planning their fossil fuel phase out pathways in a just and equitable manner and ending fossil fuel expansion.
“This glaring omission of the COP28 agreement just weeks ahead of this year’s UN climate talks is matched with the ministers’ evasion of responsibility and failure to recognise that fair fossil fuel phaseout needs fair, debt-free funding and not just low-cost finance. It’s time for rich countries to pay up to turn this promise into action. Rich countries have the means to mobilize over $5 trillion every year for climate action at home and for the new climate finance target, including by ending fossil fuel handouts, making big polluters pay, and changing unfair global financial rules. The success of COP29 depends on countries agreeing to an ambitious new climate finance target of at least $1 trillion annually in grants and grant-equivalent finance, not more debt-inducing loans. This is essential to avoid climate breakdown and save lives.”