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A statement was issued by T20, the engagement group for the 2024 G20 Summit, in which aiESG President Shunsuke Managi and Director and Chief Researcher (CR) Keely Alexander Ryuta participate.
This statement, released in preparation for the T20 Brasil Midterm Conference in Rio de Janeiro on July 2 and 3, 2024, emphasizes equity and inclusiveness in climate action and the energy transition, and under the leadership of the G20, a sustainable future. It outlines concrete policy proposals to achieve a sustainable future under the leadership of the G20, with an emphasis on equity and inclusiveness in climate action and energy transition.
Summary of Recommendations
background
The planet is facing an accelerating climate crisis and loss of biodiversity, while at the same time there are setbacks in the fight against poverty and hunger. Many countries are struggling to expand energy access, while the pressure for an energy transition is increasing.
Objectives of Task Force 02 (TF02)
TF02 aims to address issues related to the energy transition and to provide policy proposals that are equitable and inclusive. The main themes of the project are as follows
1. to achieve an inclusive, equitable, and sustainable energy transition.
2. acceleration of sustainable consumption and production patterns.
3. promote socio-bioeconomic and nature-based solutions (NbS).
4. promote comprehensive and sustainable low-carbon infrastructure investment.
5. optimizing access to multilateral and climate funds.
6. suggestions for implementing the concept of climate justice.
7. improve transparency, accountability, and standardization of ESG indicators.
Key Recommendations
8. Promoting Fair Transition Planning: The G20 should provide leadership and support for a comprehensive transition plan.
9. Promoting Sustainable Development Finance: Ensuring access to finance through equitable and effective multilateral development banks and climate funds.
10. International Tax Reform and Subsidy Restructuring: Support sustainable development through restructuring of fossil fuel subsidies and fair taxation of high polluting companies.
11. Utilizing the knowledge of indigenous and traditional communities: Promoting a bioeconomy that puts indigenous knowledge and participatory governance at the center.
12. Integration of social and biodiversity goals: Standardization and effective integration into the Green Taxonomy, sustainability disclosure standards, and ESG indicators.
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