A G20 Pathway Towards Oil and Gas Phase Out

A policy brief by the Institute for Economic Justice arguing that G20 nations, which produce 75% of global greenhouse gas emissions, must coordinate to phase out oil and gas. It highlights South Africa's 2025 G20 presidency as a critical opportunity to lead on subsidy reform and financing for the Global South ahead of COP30.

• G20 nations are responsible for three-quarters of global greenhouse gas emissions, yet progress in phasing out oil and gas is stalled because these fuels are heavily supported by public finance and subsidies, and remain integral to industry and transport.
• South Africa, as the 2025 G20 President, is positioned to bridge the gap between developed and developing nations by advocating for a renewables-led transition, subsidy reform, and increased financing for the Global South, particularly given its own experiences with coal dependence and oil import costs.
• To achieve a fair energy transition, the G20 needs to establish clear oil and gas phase-out targets, redirect subsidies toward social protection and renewables, scale up local renewable industries and electrification, provide affordable finance for emerging economies, and agree on a shared definition of a 'just transition'.

APA

iej_admin (2025). A G20 Pathway Towards Oil and Gas Phase Out. Institute for Economic Justice. https://iej.org.za/resource/policy-brief/a-g20-pathway-towards-oil-and-gas-phase-out/

Chicago

iej_admin. A G20 Pathway Towards Oil and Gas Phase Out. Institute for Economic Justice, 2025. https://iej.org.za/resource/policy-brief/a-g20-pathway-towards-oil-and-gas-phase-out/.

Wikipedia

{{cite report |last1=iej_admin |title=A G20 Pathway Towards Oil and Gas Phase Out |publisher=Institute for Economic Justice |date=9 September 2025 |url=https://iej.org.za/resource/policy-brief/a-g20-pathway-towards-oil-and-gas-phase-out/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{iejadmin2025g20, author = {iej\_admin}, title = {{A G20 Pathway Towards Oil and Gas Phase Out}}, institution = {Institute for Economic Justice}, year = {2025}, month = sep, url = {https://iej.org.za/resource/policy-brief/a-g20-pathway-towards-oil-and-gas-phase-out/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }