A press release from Climate Transparency
G20 countries have stepped up green finance, but their investment in fossil fuels remains so high that the “well below 2 degree” warming limits set in the Paris Agreement will be missed by a wide margin, says this year’s “Brown to Green” Report from Climate Transparency.
The “Brown to Green Report 2017: the G20 transition to a low carbon economy” is the third annual stocktake of the G20’s climate efforts by the Climate Transparency global partnership, released today ahead of this year’s meeting of G20 leaders in Hamburg. It has been developed by a group of experts from the G20 countries Argentina, Brazil, China, France, Germany, India, Indonesia, Mexico, South Africa and the UK.
The report provides the most comprehensive - yet concise - overview on G20 countries’ transition to a low-carbon economy. It rates their performance in emissions reductions, climate policy, finance, and decarbonisation, and provides graphic factsheets on each country.
“The G20 economies are becoming more efficient – they are beginning to decarbonise, but not enough to meet the goals of the Paris Agreement,” said Alvaro Umaña, Co-Chair of Climate Transparency and former environment minister of Costa Rica.
“The G20 countries use energy more efficiently and use cleaner energy sources, but energy consumption and the economies have grown. So the overall growth of greenhouse gas emissions is slowing, but is not yet in decline. Renewables are on the rise, but coal and other fossil fuels still dominate the G20’s energy mix,” said Niklas Höhne of NewClimate Institute.
“After President Trump resigned from the Paris agreement, and began dismantling important national climate policies like the Clean Power Plan, experts now give the US much lower ratings for policy performance. The pro-Paris reactions in a lot of US States and cities will hopefully help it to still play a part in combating the climate crisis," said Jan Burck from Germanwatch, co-author of the study,” said Jan Burck from Germanwatch, co-author of the study.
The report and the graphic country profiles are available here.
Climate Transparency is an international partnership that brings together experts from Argentina (Fundación Ambiente y Recursos Naturales), Brazil (CentroClima/COPPE UFRJ), China (Energy Research Institute), France (The Institute for Sustainable Development and International Relations), Germany (Germanwatch, HUMBOLDT-VIADRINA Governance Platform, NewClimate Institute), India (The Energy and Resources Institute), Indonesia (Institute for Essential Service Reform), Mexico (Initiativa Climática de México), South Africa (Energy Research Center/University of Cape Town) and the UK (Overseas Development Institute).
The Brown to Green report was made possible through support from the Stiftung Mercator, the World Bank and the European Climate Foundation.
Boris Duval, New Climate Institute +49 30 208492740, b.duval@ newclimate.org
Stefan Kuper, Germanwatch + 49 151 252 110 72, +49 228 60 492 23, kueper@ germanwatch.org
Online Launch (Webinar) of the Brown to Green report
You are invited to participate in the Online Launch of Climate Transparency's Brown to Green Report 2017 - The G20 transition to a low-carbon economy on 3 July 2017 at 10 am CEST.
Climate Transparency will present how well each G20 country has advanced in four areas: Emissions, Policy performance, Finance and Decarbonisation.
For registration, and details of the speakers, please register here.