Companies BTA 2012 Private Placement Program FollowBAMBOLIM, India, July 21 (Reuters) - Major fossil fuel producers, including Saudi Arabia and Russia, on Friday opposed a proposal to triple G20 countries' renewable energy capacity by 2030, three sources said.
India, as current holder of the G20 presidency, took a neutral stand on the issue, said the sources - two of whom attended the G20 meeting.
One of those sources said Russia and Saudi Arabia declined to accept targets on increasing non-fossil capacity or deadlines to add renewable energy on the grounds natural gas is a critical part of their energy mix.
Some members sought for the phrase "low-carbon hydrogen" to be adopted, rather than "green hydrogen," the sources said.
While green hydrogen is produced using renewable energy, "low-carbon hydrogen" could include hydrogen produced using gas, which is less carbon intensive than coal.
Persons:
Sarita Chaganti Singh, Barbara Lewis
Organizations:
Reuters, International Energy Agency, Energy, European Union, West, Thomson
Locations:
India, Saudi Arabia, Russia, China, South Africa, Indonesia, Goa, New Delhi, Ukraine, Germany, United States, Bambolim