The G20 is an international group of 20 major economies.
The G20 countries have a special role to combat climate change - they are responsible for a majority of global emissions. This year’s Climate Transparency Report shows that the efforts of the G20 countries are currently insufficient to limit climate change to the 1.5°C agreed in the Paris Agreement. After a short period of decline, due to the COVID-19 pandemic, emissions are rebounding across the G20. However, a positive development is that the expansion of Renewable Energy capacities are rising.
The G20 countries are responsible for around 75% of global greenhouse gas emissions. Last year, energy-related CO2 emissions in the G20 fell slightly for the first time, by 0.1% after a rise of 1.9% in 2018, without an economic crisis as a trigger. The key to these initial successes is the continuing boom in renewable energies.
The G20 countries are responsible for around 80 % of global greenhouse gas emissions, and 85 % of global GDP. In the G20 countries, around 70 % of climate impacts could be avoided by limiting global warming to 1.5°C instead of 3°C. The G20 have a political responsibility as well as economic interest and capability to move the world towards a 1.5°C compatible pathway.
Carbon emissions from the world’s 20 biggest economies are rising. None of the G20 countries have plans that will put them on track to limit global warming to 1.5°C, despite the fact that most are technically capable and have economic incentives. To keep the Paris Agreement’s 1.5°C goal within reach, G20 countries will have to increase their 2030 emission targets by 2020 and significantly scale up mitigation, adaptation and finance over the next decade.
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.
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.
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”.