Tag: G20

G20 Issue Brief: Long-term Strategies, February 2017

The Paris Agreement calls for countries to formulate long-term low-GHG emission development strategies, in line with pursuing efforts to limiting global temperature increase to 1.5ºC. With the 2016 adoption of Agenda 2030, countries are also beginning to implement policies to fulfil the sustainable development goals (SDGs).

Long-term strategies create a framework within which the implications of short-to-medium-term decisions that impact both greenhouse gas emission trajectories and development pathways can be coherently planned and adjusted where necessary. Developing and implementing these strategies ensures alignment with the long-term goals of the Paris Agreement, in a way that fosters increased prosperity for citizens, reduces the risk of locking-in unsustainable and high-emission infrastructure, and will help to avoid stranded high-carbon assets.

Careful long-term planning also provides an opportunity to maximize socio-economic benefits, such as cleaner air and water, improved security for jobs and energy access, and better health. If well done, these strategies can identify such opportunities, as well as challenges, open a space for democratic consultation on these implications, and secure a just transition for workers and communities which depend today on a fossil-based economy. 

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CAN Letter to G20 Sherpas, July 2017

In the final days before the G20 Leaders’ Summit, we urge G20 countries to demonstrate their commitment towards the strong implementation of the Paris Climate Agreement.

The United States Administration has now made its position on the Paris Agreement known, but this should by no means be a signal for other G20 countries to weaken their commitment. Indeed, a huge number of cities, businesses and other non-state actors within the US have committed “to ensure that the U.S. remains a global leader in reducing emissions.”

While market forces continue to push the global clean economy transition forward, ongoing political leadership is required to enable the transition to happen fast enough to avoid atmospheric tipping points that would lead to irreversible change. There is no time to lose.

At the Hamburg Summit on 7-8 July, we expect the G20 to signal their unfaltering commitment to achieving the goals of the Paris Agreement and to deliver comprehensive measures for its implementation, including:

  • A strong and comprehensive G20 Action Plan on Climate and Energy for Growth, capitalizing on the impressive work of the G20 Sustainability Working Group, the Green Finance Study Group and the Task Force for Climate Related Financial Disclosure (TCFD).
  • Concrete steps towards zero-emission and climate-resilient economies as soon as possible, including through communicating initial long-term low-carbon development strategies with concrete sectoral targets by mid-2018.
  • Measures to align financial flows and markets with the goals of Paris Agreement, including shifting investments away from fossil fuels and their subsidisation towards renewable, clean energy provision for all.

We welcome the final recommendations of the industry-led TCFD to integrate climate-risk into financial decision-making, supported by more than 100 firms, responsible for assets of more than $24 trillion.

We stand with the G20 engagement groups of businesses, civil society, labour, think tanks, youth, women and foundations, which have jointly called for strong climate action and a clear signal from the remaining G20 members.

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Joint G20 Engagement Groups Statement on the Withdrawal of the United States from the Paris Climate Agreement

We call for responsible leadership and long-term frameworks 

Climate change represents one of the largest risks to sustainable development, gender equality, inclusiveness, equitable economic growth, and financial stability. To curtail climate change, we need fast and ambitious global action. Therefore, we, the Chairs of the Climate and Energy Taskforces of the G20 Engagement Groups Business 20, Civil 20, and Think 20 as well as the Engagement Groups Labor 20, Women 20 and Youth 20 – together with the Foundations 20 –, consider the decision of the U.S. Government to pull out of the Paris Climate Agreement as very short-sighted and irresponsible. This decision not only ignores the reality of climate change and the opportunities of an international framework for the necessary transformation but also undermines the standing of the United States as a reliable partner in solving global problems. Ignoring the threat posed by climate change endangers a sustainable future for today’s youth and coming generations. Today’s challenges are global in nature and require coordinated solutions and international cooperation. We need globally agreed upon targets and frameworks – like the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) – to transform huge challenges into opportunities and to create a perspective for innovation, decent jobs, and a vivid civil society. 

While we welcome constructive suggestions on how to implement the Paris Agreement, the UNFCCC and many countries have made clear that the agreement cannot be renegotiated. We agree with this and strongly encourage the United States to stay in. 

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CAN Letter to G20 Sherpas, May 2017

As the Sherpas meet to prepare for the G20 Leaders’ Summit on 7-8 July, Climate Action Network calls on the G20 to deliver a strong commitment to the swift implementation of the Paris Climate Agreement.

Global economic and financial governance must be coherent with Agenda 2030’s sustainable development goals and the requirements of the Paris Agreement to safeguard development against climate risks and to provide a safe future for all citizens of the world.

We expect the G20 to signal their unfaltering commitment to the Paris Agreement. But reaffirming the Paris Agreement is not enough: The G20 must also deliver comprehensive measures for its implementation, including:

  • A strong and comprehensive G20 Action Plan on Climate and Energy for Growth, capitalizing on the impressive work of the Sustainability Working Group, the Green Finance Study Group and the Task Force for Climate Related Financial Disclosure.
  • Concrete steps towards zero-emission and climate-resilient economies as soon as possible, including through initial long-term low-carbon development strategies with concrete sectoral targets by 2018.
  • Aligning financial flows and markets with the goals of Paris Agreement, shifting investments away from fossil fuels towards renewable, clean energy provision for all. A key element of this is a commitment to phasing out fossil fuel subsidies by 2020 and phasing in an effective price on carbon.

Civil society is not alone in this: Businesses (B20), think tanks (T20) and civil society (C20) issued a joint statement for a sustainable energy transition, calling for the G20 to take the lead on implementing the Paris Agreement. Last week, 217 investors, representing more than USD 15 trillion in assets, called on the G20 to put in place measures to implement their NDCs with “the utmost urgency.” 93 of the world’s largest companies and the 48 nations most vulnerable to climate change have committed to 100% renewable energy. The world is moving in one direction.

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Letter to G7 Sherpas: Make climate change a priority

"The G7 has played a pivotal role in shaping multilateral diplomacy and international climate policy and in upholding the principles of sustainable growth and development. We need this leadership now more than ever.All G7 countries have ratified the Paris Agreement and must deliver on commitments to limit the increase in global temperature well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C. The credibility of the implementation of the Paris Agreement rests on countries honoring commitments on climate finance and demonstrating the will to undertake a global low-carbon transition as agreed at COP22 in Marrakesh."

 

To                                                                                                                                                                                                                                            25 April 2017

The Sherpas of the G7, under the Italian Presidency

Re: The 3rd G7 Sherpa’s meeting on 26-27 April

Dear Ambassadors,

Climate Action Network, a broad coalition of 1200 civil society organisations in over 120 countries fighting climate change, calls on the G7 to put climate change at the front and centre of discussions in the upcoming Sherpa’s meeting and in the G7 Heads of State meeting on 26-27 May.  

The G7 has played a pivotal role in shaping multilateral diplomacy and international climate policy and in upholding the principles of sustainable growth and development. We need this leadership now more than ever.All G7 countries have ratified the Paris Agreement and must deliver on commitments to limit the increase in global temperature well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C. The credibility of the implementation of the Paris Agreement rests on countries honoring commitments on climate finance and demonstrating the will to undertake a global low-carbon transition as agreed at COP22 in Marrakesh.

The recent G7 energy ministers’ discussions failed to live up to expectations and demonstrate the urgency that is required to tackle the pace and scale of climate change that confronts us. This cannot set a precedent for discussions in future meetings.
We, however, do appreciate that most of the countries stood firm on implementing the Paris Agreement and the need for a decarbonisation strategy.
Future meetings of G7 countries must significantly advance discussions on the global climate agenda if we want to maintain trust in the multilateral system.

The United States’ decision to retreat from domestic and international climate action cannot stand in the way of other countries leading the charge towards decarbonisation and ramping up national targets to cut emissions commensurate with their promises in Paris. At this juncture, the G7 cannot afford to dither on its commitments or be undermined by any one country. There is no room for a compromise that results in diluting language on climate change, climate finance and decarbonisation to a mere footnote. This would be a failure.
Countries must stand firmly together to prevent backsliding on hard-won global consensus on climate action, even going as far to issue a climate declaration in the name of the G6 should one country obstruct the way forward.   

Sincerely,
Wael Hmaidan
Director, Climate Action Network-International

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G20 Issue Brief: Sustainable Infrastructure, February 2017

The additional up-front investment required for a sustainable infrastructure pathway by 2030 is estimated at less than 5% above baseline levels, and is very likely to be more than “offset” by the resulting energy and fuel savings from modern clean energy and energy efficiency, with large additional benefits resulting from avoided climate impacts and air pollution related health costs, as well as reduced risk of stranded assets. Present externalities of and subsidies to burning fossil fuels amount to a staggering 6.5% of global GDP.

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G20 Issue Brief: Phasing Out Fossil Fuel Subsidies, February 2017

It is estimated that fossil fuel subsidies contributed up to 36% of global emissions between 1980 and 2010, while also exacerbating health problems, air and water local pollution. Limiting their use is a key step towards reducing inequality and achieving inclusive growth, since fossil fuel subsidies disproportionately benefit the middle and upper classes. Fossil fuel subsidies constitute an inefficient use of scarce public funds, and inhibit the market penetration of price-competitive renewables. While subsidies more broadly can be used as an effective tool to support the poor and promote a particular industry for the benefit of larger good, an industry that is well-established should not be the beneficiary of limited public resources, especially when cost-effective and healthier alternatives are available.

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G20 Issue Brief: Ratification of the Montreal Protocol Amendment on HFCs, February 2017

In the Kigali Amendment to the Montreal Protocol adopted in 2016, parties agreed to phase-down hydrofluorocarbons, the fastest growing climate pollutants. Once implemented, this phase-down could prevent emissions of 80 GtCO2e by 2050, reducing global warming by up to 0.5ºC by the end of the century compared to business as usual.

In addition, the HFC phasedown under the Montreal Protocol will, as has always been the case in the past, provide the opportunity to improve energy efficiency in air conditioning and refrigeration systems, potentially in the range of 30 to 60%. In the room air conditioning sector alone, improving energy efficiency of equipment by 30% while simultaneously transitioning to low-GWP alternatives could save an amount of electricity equivalent to up to 2,500 medium-sized power plants globally by 2050, while providing climate mitigation of nearly 100 Gt CO2-eq by 2050 from this sector.

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G20 Issue Brief: Sustainable Finance, February 2017

 

 

Delivering the Sustainable Development Goals (SDGs) by 2030 requires some $90trn of investments over the next 15 years. The issue is not availability of capital: our global financial system today is nearly $300trn strong and growing. Rather, the challenge is aligning financial regulation with sustainability objectives to shift financial flows and unleash green finance. Success would result in more than just meeting SDGs. It would create a more resilient, sustainable and inclusive global economy, while at the same time adding approximately $12trn a year to global GDP – and possibly more. In their current form, however, financial markets do not price in the externalities of investments at a level strong enough to shift investments decisions; nor do they provide enough public information to market players regarding their exposure to sustainability-related risks and opportunities. More work is also needed to scale up green finance.

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