The G20, which accounts for more than three-quarters of the world's greenhouse gas emissions, has been searching for common ground and strong commitments on how to reduce emissions while helping poor countries deal with the impact of rising temperatures.  (representative image)The G20, which accounts for more than three-quarters of the world’s greenhouse gas emissions, has been searching for common ground and strong commitments on how to reduce emissions while helping poor countries deal with the impact of rising temperatures. (representative image)

Leaders of the world’s largest economies pledged a compromise on Sunday to reach carbon neutrality “by or near the middle of the century” as they wrapped up a two-day summit that was laying the groundwork for the United Nations climate conference in Glasgow, Scotland.

According to the closing statement, the G20 leaders also agreed to end public financing of coal power generation abroad, but did not set a target to phase out coal domestically – an apparent reference to the major carbon polluters in China and India.

The G20, which accounts for more than three-quarters of the world’s greenhouse gas emissions, has been searching for common ground and strong commitments on how to reduce emissions while helping poor countries deal with the impact of rising temperatures.

Without them, momentum could be lost for larger annual talks in Glasgow that officially opened on Sunday and at which nations from around the world will be represented, including poorer nations most vulnerable to rising seas, desertification and other impacts.

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