G20 Declaration: Countries Agree To Pursue Efforts To Reduce Carbon Emissions By 43% By 2030

In order to limit global warming to 1.5°C, the G20 countries agreed to pursue efforts to reduce global greenhouse gas emissions By 43% By 2030.

The G20 leaders arrived at a consensus and adopted the 'Delhi Declaration' on Saturday.

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New Delhi: In a major achievement for India, the G20 leaders arrived at a consensus and adopted the 'Delhi Declaration'. In the declaration, the member countries reaffirmed their commitment to tackle climate change by strengthening the full and effective implementation of the Paris Agreement, whose primary objective is to limit the increase in global average temperature to well below 2 degrees Celsius above pre-industrial levels.

In order to limit global warming to 1.5°C, the G20 countries agreed to pursue efforts to reduce global greenhouse gas emissions By 43% By 2030.

The G20 event also gave importance to ensuring sustainable development growth to reduce the burden that would be passed on to future generations. To ensure this, climate finance has been set up so that developed countries meet the USD 100 billion goal signaling an ambitious New Collective Quantified Goal (NCQG) beyond 2025.

The joint declaration stated: "We reaffirm our steadfast commitments, in pursuit of the objective of UNFCCC, to tackle climate change by strengthening the full and effective implementation of the Paris Agreement and its temperature goal, reflecting equity and the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances."

In the declaration, the countries noted that global ambition and implementation to address climate change have remained insufficient to achieve the temperature goal of the Paris Agreement.

However, the G20 countries reiterated their resolve to pursue further efforts to limit the increase to 1.5°C. "We recognize that limiting global warming to 1.5°C requires rapid, deep and sustained reductions in global GHG emissions of 43% by 2030 relative to the 2019 levels," it added.

"This will require meaningful and effective actions and commitment by all countries, taking into account different approaches, through the development of clear national pathways that align long term ambition with short and medium-term goals, and with international cooperation and support, including finance and technology and sustainable and responsible consumption and production as critical enablers, in the context of sustainable development," the declaration said.

The Delhi Declaration also urged all the countries that have not yet "aligned their NDCs with the temperature goal of the Paris Agreement, to revisit and strengthen the 2030 targets in their NDCs, as necessary, by the end of 2023."

All the member countries reiterated their commitment "to achieve global net zero GHG emissions/carbon neutrality by or around mid-century, while taking into account the latest scientific developments and in line with different national circumstances,  taking into account different approaches including the Circular Carbon Economy, socioeconomic, technological, and market development, and promoting the most efficient solutions."