Home Events COP28: G20 Acceleration Call – Implementing the fossil fuel phase-out

COP28: G20 Acceleration Call – Implementing the fossil fuel phase-out

December 2, 2023

G20 Acceleration Call –
Implementing the fossil fuel phase-out

5 December 2023

10 – 11:30 local time

Regional Climate Foundations Pavilion (Zone B7, Building 88, booth 7 – ICM)

The United Nations Secretary-General António Guterres called to super-charge efforts to achieve the Climate Solidarity Pact through an Acceleration Agenda. The G20 as biggest emitters, have the most substantial responsibility to “make extra efforts to cut emissions (…) in a common effort to keep 1.5 degrees alive”. In practice, it means

No new coal and the phasing-out of coal by 2030 in OECD countries and 2040 in all other countries;
Ending all international public and private funding of coal;
Stopping any expansion of existing oil and gas reserves;
Shifting subsidies from fossil fuels to a just energy transition;
Preparing energy transition plans consistent with these actions and ready for investors.

The partnership of Climate Transparency just published “G20 Acceleration Call – From Coal to Renewables” and the “G20 Acceleration Call – Timing running out for oil and gas“ which identify three asks that are key to accelerating climate action in the G20: higher ambition of national climate targets, more robust implementation to deliver on existing plans, and deeper cooperation to use the G20’s collective political, technological and financial power. The Calls also assesses levels of ambition and implementation of this transition in the G20 and provides urgent recommendations for each country.

This event will provide an overview on:

Where do G20 countries stand in their climate action to keep 1.5C alive?
What can each G20 member do to accelerate coal phase-out and accelerate a renewable phase-in?
What is the role of the G20 countries as global oil and gas consumers and producers?
What are countries do to reduce their reliance on oil and gas?
How can international cooperation support the transition away from fossil fuels?

Climate Transparency partners and experts from G20 countries will address these questions and provide the most urgent recommendations for higher ambition, quicker implementation, and better cooperation.

After an introduction by Julian Horn (CT Secretariat – Berlin Governance Platform), the following experts will share views on their countries: