“G20 begins transition to low-carbon economy, but too slow for Paris Agreement goals – report”

G20 member states are beginning to decarbonise their economies, but the required investment in fossil fuels remains so high that the “well below 2°Celsius” global warming reduction target will be “missed by a wide margin”, according to the Brown to Green Report 2017 compiled by Climate Transparency, an international consortium of environmental organisations. The report evaluates the countries’ individual transition to a low-carbon economy, for example regarding emissions reductions, climate policy, finance, and decarbonisation. Coal has become a major issue in Germany, and while experts rate the country’s policy performance high, they point to the need for the country to improve its sectoral targets and to develop an adequate plan for the phase-out of coal.

Read the press release here and download the report here.

For background on the G20, read the CLEW dossiers The energy transition and climate change and G20 2017 - Climate and energy at the Hamburg summit.