Embarrassing that developed nations have not stuck to promise on climate finance: Denmark minister
The Clean Energy Ministerial of the G20 is expected to release a joint statement on increasing renewable energy deployment and phasing down fossil fuels. The statement is critical ahead of COP28 in November. Denmark's minister for climate policy hopes for strong language on the 1.5 degree C goal and increased renewable energy allocation. There is optimism that consensus can be reached among the diverse G20 countries. Climate finance and trust deficit are key issues. The Danish government suggests a levy on maritime transport to finance a Loss and Damage fund. India's G20 Presidency is seen as important for the global discussion on climate change.