Loading

Achieving a Just Energy Transition in the G20

Dimas Fauzi (Stockholm Environment Institute, Thailand), Stefan Bößner (Stockholm Environment Institute), Claudia Strambo (Stockholm Environment Institute), Bernadette Victorio (Fair Finance Asia)
This Policy Brief was first published in https://t20ind.org

Abstract

G20 countries not only account for a significant share of global population, but also contribute massive amounts of greenhouse gas emissions. They must, therefore, take concrete actions to phase out fossil fuels from their economies. However, such an energy transition needs to be just. The imperatives are: to tackle the dominance of fossil fuel-dependent regimes, diversify economies, provide transition finance, and improve international coordination. This Policy Brief makes three recommendations for the G20: improvements in governance to shift energy regimes towards a low-carbon pathway; pursue strategies to diversify economies, using an appropriate mechanism for transition finance; and coordinating and synchronising global efforts on just energy transitions. All three strategies can help in achieving just and inclusive transitions away from fossil fuel-based economies.

Authors

Dimas Fauzi (Stockholm Environment Institute, Thailand), Stefan Bößner (Stockholm Environment Institute), Claudia Strambo (Stockholm Environment Institute), Bernadette Victorio (Fair Finance Asia)

Latest Policy Briefs

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to [email protected] or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.