In December 2015, the G20, as part of the 196 Parties to the UNFCCC, committed to a historic global agreement to address climate change and pursue efforts to limit the global temperature increase to 1.5°C above preindustrial levels, so as to mitigate the harmful effects on the world’s people, biodiversity and the global environment.
According to the IPCC, the global carbon budget consistent with a 66% chance of limiting the temperature rise to 1.5ºC will be used up by 2021 if we carry on under current projections. For any fair likelihood of meeting the Paris temperature targets, our collective mitigation efforts need to be multiplied as soon as possible. Otherwise, our countries and economies will face severe impacts of unstoppable climate change, including social, environmental and economic instability. In recent years, we have seen the G20 countries take more serious notice of the role that climate change plays on its overall objectives, in particular its objective to promote financial stability. G20 leadership on climate change is extremely important since the greenhouse gas emissions of the G20 member countries account for approximately 81% of total global emissions. It is therefore imperative that the G20 countries start collaborating immediately on the implementation of the Paris Agreement, using their influence, to develop a consensus-building approach and focus on financial stability to drive stronger action on climate change.
Climate Action Network has eight key demands for the G20:
- Ratify the Paris Agreement as soon as possible;
- Develop and communicate interim National Long-term Strategies for Sustainable Development and Decarbonization by 2018;
- Achieve an ambitious outcome on HFC phase-down this year;
- Introduce mandatory climate-risk disclosure for investments;
- Remove fossil-fuel subsidies;
- Accelerate renewable energy initiatives towards 100% RE;
- Ensure that new infrastructure is pro-poor and climate compatible;
- Support effective ambition for international aviation and shipping.