Environment

G20 urged to set more ambitious emissions cut targets ahead of COP26

climate-transparency-report-cop26-g20

Published

October 15, 2021

Country

Comments

0

Share

Published:

October 15, 2021

Country:

Comments:

0

Share

After a short period of decline due to the COVID-19 pandemic, greenhouse gas emissions (GHG) in the G20 countries are rising again, and are projected to rebound by 4% in 2021. The G20 governments need to come up with more ambitious national emissions reduction targets ahead of the UN climate summit COP26 in Glasgow, which opens on October 31, according to the Climate Transparency Report 2021.

Most G20 countries missed the opportunity to use COVID-19 recovery packages to promote climate mitigation goals, with only USD 300 billion of the total USD 1.8 trillion in recovery spending going to green recovery. At the same time, fossil fuels continued to be subsidized.

The world remains far from capping global warning at 1.5°C

Such a state of affairs is leaving the world far from meeting the 1.5°C global warming limit, warns the Climate Transparency Report, a comprehensive annual review of G20 countries’ climate action and their transition to a net-zero emissions economy.

Dependence on fossil fuels across the G20 group, which accounts for 75% of global GHG emissions, is not declining, according to the report. Coal consumption in G20 is projected to rise by almost 5% in 2021, driven by China (accounting for 61% of the growth), the United States (18%), and India (17%), while the consumption of natural gas has increased by 12% across the G20 from 2015-2020.

At the same time, experts who produced the report note that apart from the United Kingdom, G20 members have neither short- nor long-term strategies in place for achieving 100% renewables in the power sector by 2050.

Positive developments include new records of installed solar and wind capacities in 2020

The report also highlights some positive developments, such as new records of installed solar and wind capacities in 2020 and the expected growth of the share of renewables in energy supply, from 10% in 2020 to 12% in 2021.

Also, in 2021 renewables are projected to make up nearly 30% of the G20’s power sector (energy used to make electricity and heat).

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

lopare lithium petition protest ban

Lopare municipality demands from Republic of Srpska to reject lithium project

23 February 2024 - Head of the Municipality of Lopare Rado Savić has submitted a petition to the National Assembly of the Republic of Srpska

sarajevo urban mobility MOBILITIES for eu project

Sarajevo to develop green mobility as part of group of European cities

22 February 2024 - Together with Madrid, Dresden, Ioannina, Trenčín, Espoo and Gdańsk, the capital of BiH strives to reduce pollution and improve citizens' health

Djedovic Dedovic Serbia billions under our feet strategic minerals

Serbia’s Đedović: We have billions under our feet in strategic minerals

22 February 2024 - Strategic minerals must be used in the best interest of the economy, according to Serbia's Minister of Mining and Energy Dubravka Đedović

serbia necp pks ldk energy planning

Pivotal project aiming to reshape energy landscape in Serbia was finalized successfully

15 February 2024 - The IPA financed project "Further Development of Energy Planning Capacities" has served as an example of collaboration among all the energy sector stakeholders in the country for methodological strategic planning