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China and India are rapidly scaling up renewable energies and are both on track to meet their climate targets | Climate policies of new US administration may constrain investment climate but good prospects for renewables to continue their boom anyways

To reach the Paris Agreement climate goal, and stay under 2°C warming, emissions will need to peak in the coming years and be reduced to zero by 2050. China, India and the US play a key role in achieving this target as they emit over 50% of the global CO2 emissions and are by far the largest markets for renewable energies. Published today, the Allianz Climate & Energy Monitor Deep Dive aims to inform investors and policy-makers on the scale of investments needed in China, India and the US to be in line with the Paris goals; and what recent developments, especially regarding the leadership change in the US, mean for investing in renewable power in the future.

Read more about China and India lead US in global renewable energy transition

01.04.2017

Allianz Climate and Energy Monitor 2017 | Research Partner: NewClimate Institute and Germanwatch

To reach the Paris Agreement climate goal, and stay under 2°C warming, emissions will need to peak in the coming years and be reduced to zero by 2050. China, India and the US play a key role in achieving this target as they emit over 50% of the global CO2 emissions and are by far the largest markets for renewable energies. The Allianz Climate & Energy Monitor Deep Dive aims to inform investors and policy-makers on the scale of investments needed in China, India and the US to be in line with the Paris goals; and what recent developments, especially regarding the leadership change in the US, mean for investing in renewable power in the future.

Phase-out and reallocation of fossil fuel subsidies (FFS) is a low-hanging fruit for financing and implementing the UN Sustainable Development Goals (SDGs). FFS reform has been included in the SDG architecture as a means of implementation for SDG 12 on sustainable consumption and production, but its linkages with other Goals should be taken into account to catalyze action on multiple issue areas.

Read more about A Low-Hanging Fruit for Financing and Implementing SDGs: End Fossil Fuel Subsidies

South Africa is the only African country in the G20. It is challenged by a slowing, energy intensive economy, an enormous stock of ageing infrastructure in coal and very high inequality. For dealing with these challenges, South Africa needs to change its development strategy. Political momentum within the G20 could help to break the fossil fuel inertia.

Read more about G20 kann Südafrika erneuerbar machen

Due to heavy rainfall the risks in Huaraz increase, but no considerable damage has happened yet. Hundreds of thousands of people in Peru are hit by floods and landslides which are the result of unusually strong rainfall. Poorer populations in particular are confronted with the consequences of those rainfalls. Many people lost their homes and are now facing an unsecure future.

Read more about Landslides and floods in Peru – Huaraz is spared of the worst