Largest International Climate Platform of foundations and philanthropic organisations
presents new report on renewable energy potential of the G20.
With wind and solar as the two primary sources of renewable
energy, the Foundations Platform F20 today calls upon the G20 Heads of State to agree upon
an evidence and science-based renewable power generation target of 70% by 2030. Given
the culminating climate and energy emergencies, existing energy policies are ‘far from
sufficient’ to reach agreed climate targets and to further upscale energy efficiency and the
generation of renewable energies.
Accounting for about 80% of global energy-related CO2 emissions, the G20 countries hold
the keys in the fight against climate change and for decarbonising global economies. With
all G20 countries having ratified the Paris Agreement, the member countries have exalted
the goal of climate action through their signature. Thus far, governments fall short of
phasing out carbon emissions in their national policies and increase renewable energy to
remain within the carbon budget left to limit global warming to 1.5 °C. To give the mitigation
plans of the G20 any credibility, drastic changes in existing energy policies are required to
support energy efficiency and ensure the uptake of renewable energies.
The ”Limiting Global Warming to 1.5 °C: Renewable Target Mapping for the G20” report
published by the Foundations Platform F20 and the University of Technology Sydney, and
supported by the organisation One Earth, today derives evidence-based renewable energy
targets and policy recommendations for the G20 by 2030.
The report confirms that the renewable energy potential is not the barrier for 100%
renewables target. In fact, the combined solar and wind potential of the G20 is sufficient to
generate over 50 times of the current global electricity demand. Global leaders need to
commit a transition into clean energy by mobilising financing and innovation to quickly
close the energy gap in order to pursue the net zero emissions target.
“Against the odds, keeping global temperatures increase below the dangerous benchmark
of 1.5 degrees is still a choice. The G20 should choose to lead the transition to a net-zero
world and stop burning fossil fuels for thermal and electricity-based energy services and
replace it by using renewables. This report proves it is technically as well as economically
possible. Non-action on renewable energy is also an action that deteriorates the climate
crisis” , says F20 Secretary General Stefan Schurig.
Based on the scientific evidence of the report’s target projection, the Foundations Platform
F20 advocates the G20 to set a renewable electricity target of 70% by 2030.
The development of the renewables energy shares in primary and total energy
consumption has been significantly slow due to insufficient progress in increasing the
shares of renewable energy in the heating and transport sector. Therefore, G20 leaders are
urged to set a renewable final energy target of 60% by 2030 as well as a renewable heatingtarget of 55%-60% for 2030 to ensure the transition commitment. On that account, the report
comes up with G20 policy recommendations to be addressed in the global leaders’ forum
and amplified in future.
All G20 renewable energy targets must be complemented by binding energy efficiency
targets and pave the way to 100% renewable energy and zero emission targets with
variations depending on local factors such as Nationally Determined Contributions (NDCs).
Likewise, the agenda of net zero emissions will only succeed if the development, storage
and supply of affordable, reliable energy sources is provided. Here, the G20 need to assist in
making the energy transition a reality that is just and inclusive in scope. “Next to legally
binding, national renewable targets, the G20 should foster Just Energy Transition
Partnerships to accelerate a just energy transition from fossil fuel lead economies to
renewable energy”, highlights F20 Chair Klaus Milke. “The report is just in time in the face
of an unfolding geopolitical crisis that reveals the dependencies on gas, oil and coal which
we need to overcome.”
With this year’s G20 Summit hosted by Indonesia and in times of obvious urgency for more sustainable energy and independence from fossils, the Foundations Platform F20 is eager to seize the political momentum and calls upon global leaders to live up to their responsibility and accelerate the just energy transition which is key for the implementation of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement.