G-20 Ministers Fail to Reach Consensus on Fossil Fuels

The video discusses the outcomes of a meeting related to COP 28, highlighting both positive and negative aspects. There is a consensus on the need to address climate change and expedite renewable energy deployment, especially among G20 countries. However, the financial burden is significant, with costs reaching hundreds of billions for India and potentially trillions globally. Low-cost financing for developing countries is crucial. Green hydrogen is seen as a future technology, expected to be viable by 2030, contingent on sufficient renewable capacity.

What was one of the main disagreements at the recent climate change meeting?

• The role of developing countries

• The impact of climate change on agriculture

• The cost of renewable energy

• The timeline for phasing out fossil fuels

What was agreed upon regarding renewable energy at the meeting?

• It should be delayed until 2050

• It should be limited to developed countries

• It should be expedited, especially by G20 countries

• It should be funded by private investors only

How much is the transition to renewable energy expected to cost India?

• Hundreds of billions of dollars

• A few billion dollars

• Trillions of dollars

• A few million dollars

What is a major challenge for developing countries in decarbonizing their economies?

• Insufficient natural resources

• High cost of financing

• Political instability

• Lack of interest in renewable energy

When is green hydrogen expected to become commercially viable?

• By 2025

• By 2030

• By 2040

• By 2050