The G20 accounts for 82% of global energy-related CO2 emissions – which constitutes the highest share of GHG emissions globally. Energy-related emissions primarily arise from fossil fuel combustion in electricity, heating, industry and transport sub-sectors. In 2018, total energy-related CO2 emissions grew by +1.8% in the G20, in line with a 2% annual growth rate in the total primary energy supply from fossil fuels.
Limiting global warming in line with the Paris Agreement goals will require a radical reduction in energy-related emissions. This calls for what is know as a global energy transition. Such a transition would involve a shift away from fossil fuels and the associated technologies, toward renewable and low carbon energy sources, across the economy.
The power sector accounts for 38% of energy-related emissions in the G20, followed by Industry 24%, Transport 20%, and the Building sector 9%. Due to the relative contribution of the power sector – as well as the interlinkages between the power system and other sectors – decarbonization in this sector is critical to the success of the energy transition.
Key interventions for the energy transition include:
– increasing energy efficiency;
– increasing the share of low-carbon and clean fuels;
– increasing low carbon and renewable power generation.
To arrest global warming at 1.5°, energy-related emissions must be cut by 40% by 2030 and reach net zero by 2060.
Climate Transparency partners are working in G20 countries towards this goal by:
– Providing analysis and recommendations on the energy transition and decarbonization across sectors;
– Involving decision makers and change agents to share learnings, discuss challenges and opportunities;
– Engage in cross-country learnings to increase awareness, knowledge and also capacity.
Click on the picture or the download button to read papers on energy transition written by Climate Transparency Partners from Argentina, Brazil and Mexico as well as the synthesis paper.
SYNTHESIS PAPER ON ACCELERATING THE ENERGY TRANSITION IN LATIN AMERICA
Click on the picture to download graphs related the topic of energy transition.
Discover more about our events and blog articles on energy transition.