G20 economies still driven by fossil fuels
International climate change research partnership Climate Transparency has published new findings that show that the world’s top 20 are still dependent on fossil fuels for energy production.
The 2018 Brown to Green report has found that 82% of the G20’s energy supply still comes from fossil fuels.
In Saudi Arabia, Australia and Japan fossil fuels make up even more than 90% of the energy supply, with little or no change in recent years. The 20 major economies play a key role for achieving the Paris targets because they alone account for 80% of global greenhouse gas emissions.
“The recent IPCC 1.5°C report showed us the world needs to ramp up action on climate change. Power generation from coal, oil and gas, and transport produce the biggest chunk of emissions in the vast majority of G20 countries,” said one of the report’s co-authors, Jiang Kejun of the Energy Research Institute in China.
“No G20 government is really getting a grip on these sectors – especially Australia, the United States, Russia and Indonesia, who are all lagging behind. But some countries are already moving ahead, like the United Kingdom or France with their decision to quickly phase out coal and fossil fuel-based cars,” he said.
Only two G20 economies – Canada and France – generate more income from carbon pricing schemes than they spend on fossil fuel subsidies, demonstrating that the G20 countries are yet to make financial flows consistent with the Paris Agreement, according to the Brown to Green Report released today.
The full report can be found here