Allianz Climate and Energy Monitor 2018
Summary
The Allianz Climate and Energy Monitor 2018 evaluates G20 nations on their investment attractiveness for renewable energy and their long-term decarbonization strategies. France is ranked as the most attractive destination, while Russia ranks last. The report finds that most G20 countries lack binding long-term strategies and sufficient renewable energy targets to meet the Paris Agreement goals, although some previous stragglers like Saudi Arabia and Turkey are improving their policy environments.
Key insights
- France is currently the most attractive G20 country for renewable energy investments, while Russia is the least attractive.
- Most G20 nations lack the necessary long-term strategies and targets to achieve power sector decarbonization by 2050. Only Canada, France, Germany, Mexico, the UK, and the US have formally submitted long-term decarbonization strategies to the UNFCCC, and only the UK's strategy proposes full decarbonization of the power sector.
- While some countries like Germany, France, Brazil, and Argentina have planned sufficient annual renewable installations, most G20 countries have targets that only extend to 2025 or 2030, which may hinder a timely energy transition.
- There is a divergence in policy trends among G20 members: Saudi Arabia, Turkey, and Argentina are improving their policy environments through auctioning schemes, whereas the US and Australia are decreasing federal support for renewables.
- Despite having comprehensive direct support frameworks (such as feed-in-tariffs and auctions) in countries like China, Germany, India, Brazil, Japan, and France, all G20 countries need to improve policy certainty and administrative procedures to attract more investment.
Cite the original document
- APA
- NewClimate Institute (2018). Allianz Climate and Energy Monitor 2018. http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2018
- Chicago
- NewClimate Institute. Allianz Climate and Energy Monitor 2018. 2018. http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2018.
- Wikipedia
- {{cite report |author=NewClimate Institute |title=Allianz Climate and Energy Monitor 2018 |date=26 November 2018 |url=http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2018 |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{newclimateinstitute2018allianz, author = {{NewClimate Institute}}, title = {{Allianz Climate and Energy Monitor 2018}}, institution = {NewClimate Institute}, year = {2018}, month = nov, url = {http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2018}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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