What can the G20 do to prepare the road to COP26 and ensure functioning global carbon markets?

If anything, the COVID-19 crisis adds another layer to the complexity and urgency of finding effective solutions in the fight against climate change. Although COP 26 has been postponed to 2021, the challenge for the presidents and heads of states set to meet in Scotland remains: They must agree on sufficiently strong plans to keep global greenhouse gas emissions within limits that prevent dangerous climate change – a challenge that was left unresolved in the hallmark 2015 Paris climate agreement and in climate talks since. Emissions cuts in all sectors of the economy will be required as will smart policies and incentives to enables these cuts. Although the massive financial emergency and stimulus packages that are currently put together in response to the COVID-19 pandemic can be a huge opportunity for driving investment into the zero-carbon transformation, they are also a huge liability if the bulk of the funding goes to high-carbon activities and prolongs their lifetime.

How should economic stimulus measures aimed at stabilising the world economy in the COVID-19 crisis be designed and implemented to support the transformation to zero carbon economies? What can the G20 to do inject dynamic and ambition into international climate talks? How can international coordination of carbon pricing systems, together with policies that enable a just zero carbon transition, increase the support for climate action and enable higher level of emission cuts?

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Keynote

Keynote

Panel Discussion

Vision Statement

Speakers

Keynotes

Svenja Schulze

German Minister for the Environment

Ottmar Edenhofer

PIK, Germany

Panel

Amar Bhattacharya

Brookings, USA

Ottmar Edenhofer

PIK, Germany

 

Svenja Schulze

German Minister for the Environment

Laurence Tubiana

European Climate Foundation

Moderator: Conny Czymoch

Journalist

Vision Statement

Josef Aschbacher

European Space Agency

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Policy Briefs contain recommendations and visions and cover policy ares that are of interest to G20 policymakers. The majority of the Policy Briefs has been developed by a corresponding T20 Task Force.

T20 Recommendations Report: Climate Change and Environment

Compiled by Juliane Stein-Zalai (IfW Kiel) and Simon Wolf (Global Solutions Initiative)

Energy, Climate and the Covid-19 Shocks: Double or Quits

By Marc-Antoine Eyl-Mazzega (IFRI -Institute Francais des Relations Internationales)

Putting climate and environmental protection at the heart of European policy- Global Solutions Journal

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SODIQ KAREEM Zumratul Islamiyah School

The Fourth Industrial Revolution will require governments to move beyond reactive measures aimed at efficiency and short-term growth, to proactively chart a course that mitigates the social risks of new technologies and strengthens the positive feedback between growth and inclusion in an economy through a stronger emphasis on certain key domestic institutions. As Chinese President Xi Jinping stated in Davos earlier this year: We should develop a new development philosophy and rise above the debate about whether there should be more fiscal stimulus or more monetary easing . . . We should develop new growth models and seize opportunities presented… Read more »

Aniella Niyondiko YGC | Burundi

In Eastern and Southern Africa, there are several ongoing Carbon pricing approaches that are being developed whereby Countries such as Kenya, Ethiopia, Rwanda, Uganda and Mauritius have demonstrated willingness to participate in climate change initiatives with concrete actions by introducing a range of economic instruments to stimulate a low carbon economy such as -the removal/reduction of fuel subsidies which is a key preliminary step towards carbon pricing -Levies on petroleum, gasoline are in place in all the above Countries. -Renewable energy incentives have been introduced in Kenya, Mauritius, Uganda and Rwanda withfeed-in-tariffs and exemptions of VAT. – In the East-Africa… Read more »

Andrea Joras Berghof Foundation

Thank you very much to Ottmar Edenhofer for his keynote, which I appreciated very much. Firstly, I think it is important that the link between climate change and biodiversity on the one hand and the occurrence of pandemics on the other has been established. This prevents us from losing focus on climate change while coping with the COVID-19 crisis. This connection should be highlighted and repeated publicly to raise awareness and understanding and ensure commitment for climate action even more because of and not despite the COVID-19 pandemic. Secondly, the long-term investment fund and the carbon pricing scheme are two… Read more »

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