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China is the host of this year's G20 summit. This more active role of China in global governance is a reflection of a changing world. The Hangzhou summit also reflects another significant change: Climate action and sustainable development are no longer considered side discussions, but are centrally on the G20 agenda. The G20, traditionally a forum to discuss financial stability and economic policy, are beginning to reflect the fact that unsustainable development and unmitigated climate change are huge risks to a stable and prosperous world economy.

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G20 countries as driver for global implementation of Paris Agreement - Joint proposal by industry association, environmental organization and research institute

The Federation of German Industries (BDI), Germanwatch and the Mercator Research Institute on Global Commons and Climate Change (MCC) are gathering forces to urge the G20 countries to introduce carbon pricing as a means to achieve the climate goals set forth in the Paris Agreement. The unusual alliance between an industry association, an environmental organization and a research institute seeks to drive ambitious climate protection, create more predictability for planning, promote fair competition and secure the necessary investments.

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Brown to Green: Development of Key Indicators

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.

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01.08.2016

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The role of the G20 in making financial flows consistent with global long-term climate goals

The landmark Paris Agreement and the Agenda 2030 provide a new framework for global decarbonization and sustainable, climate-resilient development. Multilateral bodies like the G20 provide a natural focus point for governments of the leading industrial nations and emerging economies to take common action towards the achievement of these global goals. The mobilization of finance for sustainable investment, in particular the transition to a renewable energy system, is one of the most urgent but also promising tasks ahead.

Representing two-thirds of global population, four-fifth of world GDP and more than three-quarters of total greenhouse gas emissions, the G20 – group of the leading industrialized countries and largest emerging economies is a central platform for the implementation of the Paris agreement. When G20 leaders meet at the Hangzhou summit from September 4th to 5th, climate change and decarbonisation have to rank high on the agenda. For the Paris Agreement to enter into force, it has to be signed by at least 55 countries representing no less than 55% of global GHG emissions.

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