“Less than a year after the adoption of the Paris Agreement, under the Chinese Presidency, the G20 has finally moved forward on key issues for tackling climate change. Countries now need to react to the strong call from the G20 to formally join and ratify the Paris Agreement as soon as possible, so that the Agreement can enter into force this year,” said Jennifer Morgan, Executive Director of Greenpeace International.
“Investors should pay close attention and not miss the momentum on shifting trillions of dollars from dirty to clean investments.”
“Hosts to this year’s G20, China has shown great leadership on climate over the last year. Against a backdrop of declining coal consumption and rapid renewable energy growth, China has even greater potential now to match its political effort with further action,” said Li Shuo, Greenpeace East Asia’s Senior Climate Policy Adviser.
The upcoming Montreal Protocol discussions and the International Civil Aviation Organisation process will be the next key steps for China to show its commitment to tackling climate change.
The lack of progress on outlining a concrete timetable for the phasing out of fossil fuel subsidies is a reminder that the G20’s collective action on climate change must go further.
“Handing out money to the fossil fuel industry is simply not compatible with the Paris Agreement,” said Li Shuo.
In the coming year, Germany must take up the mantle and continue to push for strong climate action in its role as G20 President. Greenpeace urges Germany to lead by example and show the world that it is ready to transform its economy into a zero-carbon economy and finalise the phase-out of coal by 2035 the latest.
The Paris Agreement will enter into force after 55 countries that account for at least 55% of global emissions have joined the agreement. So far 26 countries, accounting for 39% of emissions have joined the Agreement. A surge in countries joining the Agreement is expected in the coming months.
Notes to editor:
Tom Baxter, International Communications Officer, Greenpeace East Asia, email: [email protected] ph: +86 18811344861
Li Shuo, Senior Climate Policy Adviser, Greenpeace East Asia, email: [email protected], ph: +86 15201681548
Greenpeace International Press Desk, [email protected], phone: +31 (0) 20 718 2470 (available 24 hours)