The report, released by Climate Transparency on Thursday, also noted that greenhouse gas emission levels from four countries – Argentina, China, India and Indonesia – are expected to exceed their 2019 emission levels.
Climate Transparency is a global association of 16 think tanks and NGOs, including TERI of India, which brings together experts from most G20 countries.
The report noted that energy-related CO2 emissions fell by 6% across the G20 in 2020, but are now forecast to increase by 4%.
“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,” he said Gahee han of the South Korean organization Solutions for our climate, one of the main authors of the report.
However, the report also noted some positive developments, such as the growth of solar and wind power among G20 members, with new capacity registrations installed in 2020. It said that the share of renewables in the supply of energy grows from 10% in 2020 to 12% in 2021.
“And in the energy sector (energy used to produce electricity and heat), renewables increased by 20% between 2015 and 2020, and is projected to become almost 30% of the G20 energy mix in 2021, ”he said.
On the other hand, the report stressed that, despite these positive changes, dependence on fossil fuels is not decreasing. “By contrast, coal consumption is projected to increase by almost 5% in 2021, while gas consumption has increased 12% across the G20 between 2015 and 2020,” he said.
The report found that coal growth is mainly concentrated in China, the world’s largest producer and consumer of coal, followed by the United States and India.
“India is the only developing country among the G20 countries with sufficient policies and actions to achieve its NDC Goals for 2030. The country made significant progress in terms of its voluntary mitigation goals. Its goal is to deliver 450 GW of installed renewable capacity and it recently launched the National Hydrogen Mission to promote the transition to clean energy. However, there is a great need to mobilize international support (including climate finance) for resilient and inclusive growth in the country, ”he said. Abhishek Kaushik of the Institute of Energy and Resources (TERI).
However, the report noted that, apart from the UK, G20 members have no short-term or long-term strategies to achieve 100% renewables in the electricity sector by 2050.
On the ‘net-zero’ front, only 14 G20 members had committed to reaching net-zero targets that covered almost 61% of global GHG emissions in August, while 13 G20 members (including France, Germany and Italy under the EU national level determined contribution) had officially submitted NDC updates, with six setting more ambitious targets for 2030, by September.
“However, even if fully implemented, the current targets assessed for April 2021 would still lead to a 2.4 ° C warming by the end of the century,” the report said, referring to the experts’ warning.
“G20 governments must come to the table with more ambitious national emission reduction targets. The numbers in this report confirm that we cannot move the dial without them, they know it, we know it, the ball is firmly in their court before COP26, ”he said. Kim coetzee from Climate Analytics, who coordinated the overall analysis.
Reacting to the findings, Sanjay vashist, Director of CAN South Asia, said: “Asia can and must improve in the deployment of renewable energies and turn the climate crisis into an opportunity for green and inclusive development. Announcements to cut coal funding are a good first step. But they must be followed by a plan to completely phase out coal, ensuring a just transition. ”