In the landmark Paris Climate Agreement, the international community committed to limit global warming to well below 2°C, if not 1.5°C above preindustrial levels. World leaders also committed to foster adaptation and to make all financial flows consistent with climate resilient, low greenhouse gas development. The G20 as group of the leading industrial nations and emerging economies, being responsible for 80% of global greenhouse gas emissions, provides an important platform for joint action towards implementing the Paris Agreement.
Most G20 states improved conditions for investments in low-carbon energy over the past year, with several emerging market countries rapidly catching up to the leaders. The rapid development of the renewable energy sector is a crucial success factor for meeting the Paris climate goals. The G20 countries need to roughly double their annual investments in renewable energy to align their power infra-structure with the well below 2°C pathway, fixed at the Paris COP 21 in 2015.
The G20 summit in Hamburg is coming up soon. What we expect from the German G20 presidency is clear: the G20 must move forward combating climate change despite the destructive US-position. Ambitious G20 plans for the global energy transition and the implementation of the Paris Agreement are crucial. Due to their economic significance the G20 states must lead by example. Representatives of the international civil society will present the situation in developing and emerging countries and their asks to the G20. In addition, we will report back from the international civil society (Civil20) summit on June 18/19th in Hamburg.
The Peruvian farmer and mountain guide Saúl Luciano Lliuya has filed a lawsuit against RWE.
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.
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.
In the latest publication of the project Middle East North Africa Sustainable ELECtricity Trajectories (MENA-SELECT), the authors Boris Schinke and Jens Klawitter (Germanwatch) together with Maurice Döring (BICC), Nadejda Komendantova (IIASA), Jenan Irshaid (IIASA) and Joanne Bayer (IIASA) develop criteria and indicators for conducting a sustainability assessment of different electricity generation technologies.
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 landmark Paris Agreement and the Agenda 2030 provide a new framework for transitioning to a GHG-neutral and climate-resilient future, and towards truly sustainable development. The G20 as a forum of the leading industrial nations and emerging economies provides a platform for joint action towards achieving these global goals. Shifting global investment towards green finance, sustainable infrastructure and the global transition to renewable energy is one of the most urgent tasks ahead, and can only be reached by international cooperation.
On November 30th, the eve of the German G20 Presidency, Germanwatch and Stiftung Mercator hosted an expert dialogue on climate and energy policy priorities for the G20. The outgoing Chinese Presidency had put the implementation of Agenda 2030 and the Paris Climate Treaty on the G20 agenda, emphasizing green finance and infrastructure investment. International experts and 60 guests from politics, business and civil society discussed what the German G20 presidency can and should do to counter the global climate crisis against the background of the current changes in the political landscape.