Announcements
Announcements
G20 countries must take concrete actions to phase out fossil fuels from their economies. However, such an energy transition needs to be just. This brief – part of a series of briefs SEI has written for the 2023 G20 process – makes key recommendations for the G20 governments when pursuing a just transition.
G20 countries not only account for a significant share of global population, but also contribute massive amounts of greenhouse gas emissions. They must, therefore, take concrete actions to phase out fossil fuels from their economies. However, such an energy transition needs to be just. The imperatives are: to tackle the dominance of fossil fuel-dependent regimes, diversify economies, provide transition finance, and improve international coordination.
This policy brief makes three recommendations for the G20: improve governance to shift energy regimes towards a low-carbon pathway; pursue strategies to diversify economies, using an appropriate mechanism for transition finance; and coordinate and synchronise global efforts on just energy transitions.
Maintenance worker on solar power plant. Credit: Seksan Mongkhonkhamsao/Getty Images
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