NEW DELHI: Emissions of greenhouse gases (GHG) are rebounding across G20 countries this year after a short period of decline due to shutdowns triggered by the Covid-19 pandemic in 2020.
A report by Climate Transparency on Thursday said that the world is far from meeting the 1.5°C global warming limit despite ‘net zero’ commitments by 14 of these nations. It noted that energy-related CO2 emissions plunged by 6% across G20 in 2020 but it’s now projected to increase by 4% with four countries — Argentina, China, India and Indonesia — heading towards exceeding even their 2019 levels.
India is the only developing country in G20 with sufficient “policies and actions” to achieve its current climate action goals by 2030. Climate Transparency is a global partnership of 16 think tanks and NGOs that brings together experts from a majority of G20 countries for this annual stocktake. “Rebounding emissions across the G20, the group responsible for 75% of global GHG emissions, shows that deep and fast cuts in emissions are now urgently nee-ded to achieve net zero announcements,” said Gahee Han from the South Korean organisation Solutions for Our Climate, one of the lead authors of the report.
The report, however, noted some positive developments, such as the growth of solar and wind power among G20 members, with new records of installed capacities in 2020. On the flip side, the report underlined that in spite of these positive changes, dependence on fossil fuels is not going down. It showed that the consumption of coal is projected to rise by nearly 5% in 2021, while the consumption of gas has increased by 12% across the G20 during 2015-2020.