G20 in China: Blue Skies, But No Leap Forward
ECO applauds China and the US formally joining the Paris Agreement as a prelude to the G20 summit in Hangzhou, China. This is a major step toward the entry into force of the Paris Agreement. It is a very timely signal to the world that global leaders are serious about what President Obama once called: “the best chance we have to save the one planet we have». With the two largest polluters joining, the count of countries/emissions represented has risen from 24 and 1% to 26 and 39% respectively; closing the gap towards the 55/55% double-threshold.
Other than this, ECO found the rest of the G20 slightly anti-climatic. Despite a strong push from China and the US, no other nations announced ratification. Contrastingly, India came forward with being unable to ratify the Agreement by the end of 2016. Similarly, still no end date for “the world’s most destructive subsidies” exists. Progress on the fossil fuel subsidy phase-out was limited to countries being merely “encouraged” to participate in peer reviews.
The emphasis on natural gas as a low-carbon alternative, and the “diversification of energy sources” in the Communiqué has a distinctive fossil fuel odour to it. Plus, the G20 completely failed to address how—despite the Paris Agreement—the world is still headed for 3°C of warming due to the low ambition in countries’ NDCs.
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