B20, C20 and T20 Climate and Energy Working Groups: Statement for a sustainable energy transition

Given its role, we call on the G20 to step up and adopt three main provi- sions to seize the opportunities offered through ambitious climate action and collaboration and sup- port climate resilience, especially of the poorest and most vulnerable populations and countries. [...] The G20 should share best practices for the use of the revenues from carbon pricing and the redistribution of the savings from fossil fuel subsidies reforms to ensure a just transition that benefits all. [...] For mobi- lizing additional private-sector capital at the required scale, the G20 should promote international dis- closure and reporting standards for environmental and climate-related financial risk and build on the recommendations of the Taskforce on Climate-related Financial Disclosure to this end. [...] The B20 “Energy, Climate and Resource Efficiency” (ECRE) Taskforce deals with three focus topics on how to curtail climate change, how to foster the global energy transition and how to advance resource and energy efficiency. [...] The B20 ECRE recommendations are available here: The C20 “Sustainability (Energy and Climate) Working Group” focuses on necessary actions for the rapid and ambitious implementation of the Paris agreement, including support for climate resilience and the most vulnerable.