“Brown to green”
The Group of Twenty (G20) is “beginning to head in the right direction” towards a low-carbon economy but needs to step up its efforts to meet the Paris Agreement’s temperature goals, according to a report by Climate Transparency, the international consortium of environmental organisations. Coal emerged as a main issue because “a large number of planned new coal-fired power plants […] would almost double the G20’s coal capacity”, leading to more emissions, the organisation says in a press release. In terms of investment attractiveness, Germany leads the list, but its position could be endangered by the recent renewables law reform that puts a cap on renewables growth, says the report.
Also read a CLEW factsheet on the planned Climate Action Plan 2050: Negotiating a path to decarbonisation.