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: improvements in governance to shift energy regimes towards a low-carbon pathway; pursue strategies to diversify economies, using an appropriate mechanism for transition finance; and coordinating and synchronising global efforts on just energy transitions. All three strategies can help in achieving just and inclusive transitions away from fossil fuel-based economies.
Achieving a Just Energy Transition in the G20
This Policy Brief was first published in https://t20ind.org
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