A Climate Transparency report on Thursday said the world is far from reaching the global warming limit of 1.5 ° C despite “net zero” commitments from 14 of these nations. He noted that energy-related CO2 emissions fell by 6% across the G20 in 2020, but are now projected to increase by 4% in four countries: Argentina, China, India and Indonesia – heading to exceed even its 2019 levels.
India is the only G20 developing country that has enough “policies and actions” to achieve its current climate action goals by 2030. Climate Transparency is a global association of 16 think tanks and NGOs that brings together experts from most of the G20 countries for this year. do inventory. “The rebound in emissions across the G20, the group responsible for 75% of global GHG emissions, shows that deep and rapid cuts in emissions are now urgently needed to achieve net-zero announcements,” said Gahee Han of the South Korean organization. Solutions for our climate, one of the main authors of the report.
The report, however, noted some positive developments, such as the growth of solar and wind power among G20 members, with new capacity records installed in 2020. On the other hand, the report underlined that despite these positive changes, dependence on fossil fuels does not decrease. It showed that coal consumption is projected to increase by almost 5% in 2021, while gas consumption has increased by 12% across the G20 during 2015-2020.