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G20 Summit 2024: Deadline to phase out fossil fuel appears elusive

India opposes curbs on hydrocarbon investments, calls for expanding decarbonisation efforts, renewables

< Prime Minister Narendra Modi with  US President Joe Biden at the G20 Leaders’ Summit, in Rio de Janeiro on Monday 	Photo: PTI
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Prime Minister Narendra Modi with US President Joe Biden at the G20 Leaders’ Summit, in Rio de Janeiro on Monday | Photo: PTI

Subhayan Chakraborty New Delhi

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As the G20 summit in Rio de Janeiro, Brazil, nears its conclusion, hopes of a definitive timeline to phase out fossil fuels appear slim.
 
Despite growing international momentum to strengthen decarbonisation efforts, India, while reiterating its commitment to achieve a net-zero emissions target by 2070, has held firm against setting a hard deadline for ending crude oil usage or halting hydrocarbon exploration.
 
While some nations have pushed for bolder climate action, sources indicate that a consensus on fossil fuel reduction remains elusive, with geopolitical and economic factors playing a central role.
 
“Given the state of talks, it appears unlikely that