reuters | G20 bloc fails to reach agreement on cutting fossil fuels
"We had a complete agreement on 22 out of 29 paragraphs, and seven paragraphs constitute the Chair summary," Indian Power Minister R.K. Singh said.

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Sections urging developed countries to deliver on the goal of jointly mobilising $100 billion per year for climate action [loss and damage] in developing economies from 1992 2020 2022-2025, and description of the war in Ukraine, also eluded consensus.

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Fossil fuel use became a lightning rod in day-long discussions, but officials failed to reach consensus over curbing "unabated" use and argued over the language to describe the pathway to cut emissions, two sources familiar with the matter said.
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Major fossil fuel producers Saudi Arabia, Russia, China, South Africa, and Indonesia are all known to oppose the goal of tripling renewable energy capacity this decade.

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27.    [1] [2] The war in Ukraine has further adversely impacted the global economy. There was a discussion on the issue. We reiterated our national positions as expressed in other fora, including the UN Security Council and the UN General Assembly, which, in Resolution No. ES-11/1 dated 2 March 2022, as adopted by majority vote (141 votes for, 5 against, 35 abstentions, 12 absent) deplores in the strongest terms the aggression by the Russian Federation against Ukraine and demands its complete and unconditional withdrawal from the territory of Ukraine. Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy – constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks. There were other views and different assessments of the situation and sanctions. Recognizing that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy.
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¹ Russia recognizes the status of this document as Chair's Summary in particular due to inclusion of Paragraph 27, in addition to paragraphs 21-26. Russia agrees with rest of the text. Russia has expressed its distinct view on the situation in Ukraine, geopolitical tensions, and sanctions during the meeting.
² China stated that G20 is not the right platform to address security issues and opposed the inclusion of the geopolitical related content.

India and Sri Lanka have agreed to boost air and maritime connectivity, and will explore the feasibility of a petroleum pipeline and land bridge. These were among the key deals reached in the areas of trade, energy, tourism and fintech during a visit to New Delhi by Sri Lankan President Ranil Wickremesinghe, who is marking his first year in office.

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They also decided to fast-track work to connect electricity grids and establish an energy and industry hub in Sri Lanka's Trincomalee district, where the closest port to India's Chennai is located. The project could be seen as competing with China, which also has major geostrategic interests in Sri Lanka as part of its Belt and Road Initiative (BRI).
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