The G20 is an international group of 20 major economies.
The G20 has a strong economic interest in limiting global warming to 1.5°C due to climate change’s negative impact on total economic activity, the productivity of the workforce and the smooth functioning of financial markets. The G20 countries are key for driving this global transition since they account for approximately 80 % of global greenhouse gas emissions, 85 % of global gross domestic product and 75 % of foreign direct investment flows.
Der Allianz Klima- und Energiemonitor vergleicht die G20-Staaten hinsichtlich ihrer Attraktivität für Investitionen in eine emissionsfreie Energie-Infrastruktur. Zudem berechnet er den momentanen und künftigen Investitionsbedarf – davon ausgehend, dass die Klimaziele des Pariser Abkommens, deutlich unter 2 Grad bzw. möglichst 1,5 Grad Erwärmung, eingehalten werden sollen. Der Monitor wurde zum dritten Mal von der Allianz SE in Kooperation mit Germanwatch und dem NewClimate Institute erstellt.
© Climate Transparency
The Brown to Green Report is the world’s most comprehensive annual review of G20 climate action, assessing progress on decarbonisation, climate policies, finance, and vulnerability to the impacts of climate change. The report is published annually by Climate Transparency, a global partnership of 14 climate research organisations and NGOs from the majority of G20 countries, many from emerging economies. Germanwatch is one of the main authors.
© Climate Transparency
82% of the G20’s energy supply still comes from fossil fuels, according to the 2018 Brown to Green Report, released today. In Saudi Arabia, Australia and Japan fossil fuels make up even more than 90% of the energy supply, with little or no change in recent years. The 20 major economies play a key role for achieving the Paris targets because they alone account for 80% of global greenhouse gas emissions.
Together with more than 50 international NGO Germanwatch urges the central bank of the G20 states to set an example by disclosing climate related risks.
While the ongoing Fijian COP23 in Bonn and the coalition negotiations in Berlin capture media and public attention, Germany quietly released a self-review of their own fossil fuel subsidies as part of the G20 peer review process. The G20 fossil fuel subsidy review, pioneered in 2016 by US and China, is currently the only concrete step to make progress on the group's pledge from the 2009 summit in Pittsburgh to phase-out “inefficient fossil fuel subsidies that increase wasteful consumption”.
The Hamburg G20 summit saw an impressive showdown between US President Donald Trump and the other G20 members regarding climate change and the fate of the Paris Agreement. After the unprecedented split in the leader’s declaration, and the acceptance of the G20 action plan on climate and energy for growth (CEAP) by all G20 members except the US, all eyes are now on the incoming Argentinean presidency under President Mauricio Macri – will he find a way to back up the Hamburg result and continue the work towards the long-term climate goals within the G20 while preserving the unity of the group?
The world has passed the ‘Trump Test’ on climate. At the G20 Summit in Hamburg, all 19 partners with the exception of the new U.S. Administration stood united in their support for the Paris Agreement and its swift implementation. Jointly developed and accepted by the 19 partners, the Climate and Energy Action Plan for Growth identifies issues that need to be addressed for the implementation of the Paris Agreement and provides a list of G20 action items for future cooperation.
Russia, the world’s third largest oil producer, is caught between two futures: diversify its fossil fuel based economy in response to changing energy markets and the end of the raw super cycle, or to restore Russian positions in fossil energy markets. While Russian leadership is torn on the subject, the future of the 1.5 degree goal hinges on the direction the nation will take.
The G20 collectively are still far removed from demonstrating responsible stewardship in the area of climate protection. Yet individual countries – both traditional industrial nations such as Italy, France and to some extent Germany as well, and emerging economies like Brazil and India – have indicated possible pathways to decarbonization. This is the key insight provided by the G20 Climate Change Performance Index (CCPI), introduced by Germanwatch, the Climate Action Network (CAN) and the NewClimate Institute today. A day ahead of the G20 summit in Hamburg, the member states have highly diverse scores within the ranking.