This F20 Report is also available in an interactive web-based version.
Given the culminating climate and energy emergencies, drastic changes in existing energy policies are required to support energy efficiency and ensure the uptake of renewable energies. Accounting for about 80% of global energy-related CO2 emissions, the G20 countries play an important leverage power in the fight against climate change by reaching net zero emissions. With all G20 countries having ratified the Paris Agreement, the member countries have exalted the goal of climate action through their signature. Thus far, governments fall short in their national policies to phase-out carbon emissions and increase renewable energy to remain within the carbon budget left to limit global warming to +1.5 °C. To give the mitigation plans of the G20 any credibility, drastic changes in existing energy policies are required to support energy efficiency and ensure the uptake of renewable energies.
The ”Limiting Global Warming to 1.5 °C: Renewable Target Mapping for the G20” report published by the Foundations Platform F20 and the University of Technology Sydney, and supported by the organisation One Earth, today derives evidence-based renewable energy targets and policy recommendations for the G20 up to 2030.
The report comes up with G20 policy recommendations to be addressed in the global leaders’ forum and amplified in future. All G20 renewable energy targets must be complemented by binding energy efficiency targets and pave the way to 100% renewable energy and zero emission targets with variations depending on local factors such as Nationally Determined Contributions (NDCs). Likewise, the agenda of net zero emissions will only succeed if the development, story and supply of affordable, reliable energy sources is provided. Here, the G20 need to assist in making the energy transition a reality that is just and inclusive in scope by fostering Just Energy Transition Partnerships (JETPs).
With this year’s G20 Summit hosted by Indonesia and in times of obvious urgency for more sustainable energy and independence from fossils, the Foundations Platform F20 is eager to seize the political momentum and calls upon global leaders to live up to their responsibility and accelerate the just energy transition which is key for the implementation of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement.