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G20 to accelerate coal power reduction; aims to triple RE capacity

Phasedown of unabated fossil fuel did not find space in the New Delhi Declaration, facing opposition from “developing countries”, especially Saudi Arabia, Russia and Turkiye, according to a source aware of the matter. However, phasedown of unabated coal power was agreed upon after a nod from India, the only country opposing it at the Sherpa meet this week. The text on this was taken straight from the Bali declaration.

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