The G20 Transition towards a Net-zero Emissions Economy
The Brown to Green Report is the world’s most comprehensive annual review of G20 climate action: it provides concise and comparable information on mitigation, finance and vulnerability. 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.
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.
Ahead of the 2019 Climate Action Summit (23 September 2019) hosted by UN Secretary-General António Guterres, the network Climate Transparency is calling for concrete climate action from the G20 countries. The Ambition Call directed at Germany calls for progress in three areas.
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.
© 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.
G20 countries have stepped up green finance, but their investment in fossil fuels remains so high that the “well below 2 degree” warming limits set in the Paris Agreement will be missed by a wide margin, says this year’s “Brown to Green” Report from Climate Transparency. The "Brown to Green-Report: The G20 transition to a low-carbon economy 2017" is the third annual stocktake of the G20’s climate efforts by the Climate Transparency global partnership, released today ahead of this year’s meeting of G20 leaders in Hamburg. It has been developed by a group of experts from the G20 countries Argentina, Brazil, China, France, Germany, India, Indonesia, Mexico, South Africa and the UK.
The Brown to Green Forum discussed with high-level representatives and experts from G20 countries how to increase ambition for climate action in the G20. It explored policy options, opportunities and new coalitions within the G20 and particularly discussed the role of the financial sector to drive the shift from fossil-fuel to low-carbon investments. Climate Transparency further presented a comparison of G20 countries’ climate action.
The report, “Brown to Green: Assessing the G20 transition to a low-carbon economy” has been produced by Climate Transparency, and written by a range of international experts and was launched at a press conference in Beijing. With climate change high on this year’s G20 agenda, along with green finance, the assessment looks at a range of indicators on climate action, including investment attractiveness, investment in renewable energy, climate policy, the carbon intensity of both the energy and electricity sectors of the G20 economies, of their fossil fuel subsidies and their contributions to climate finance.
The G20 needs to make more effort to move to a green, low-carbon economy, especially in the areas of coal power expansion and climate policy, but is beginning to head in the right direction. This is the key result of a comprehensive assessment of G20 climate action, released in Beijing today ahead of the G20 summit in China this weekend. The report, “Brown to Green: Assessing the G20 transition to a low-carbon economy” has been produced by Climate Transparency, and written by a range of international experts and was launched at a press conference in Beijing.