G20 Economies Must Lead on Climate Despite U.S. Position on Paris Agreement
Summary
The World Resources Institute asserts that G20 nations, which represent 80 percent of global GDP and greenhouse gas emissions, should reject the notion that climate action hinders economic growth. The author urges G20 leaders to support the German G20 Action Plan on Climate and Energy Growth and emphasizes the critical role of emerging economies like China and India in leading the global clean energy market following the U.S. withdrawal from the Paris Agreement.
Key insights
- G20 nations hold significant global influence, accounting for approximately 80 percent of both global GDP and greenhouse gas emissions, making their collective political will essential for global climate decision-making.
- The German G20 Action Plan on Climate and Energy Growth is described as the most comprehensive G20 statement on integrated climate and energy priorities, aiming to facilitate the Paris Agreement and the 2030 Agenda for Sustainable Development through measures such as phasing out fossil fuel subsidies, promoting energy efficiency, and advancing climate finance.
- Major emerging economies are demonstrating commitment to the Paris Agreement through specific actions: China has exceeded one of its four 2020 climate goals, India added 5.5 gigawatts of new wind capacity in FY 2017 (surpassing its 4 GW target), and Mexico has worked toward comprehensive carbon pricing.
- The transition opened by the Paris Agreement represents a global market opportunity estimated at $23 trillion, which the author suggests China is positioned to lead following the U.S. withdrawal.
Cite the original document
- APA
- World Resources Institute (2017). G20 Economies Must Lead on Climate Despite U.S. Position on Paris Agreement. https://www.wri.org/insights/g20-economies-must-lead-climate-despite-us-position-paris-agreement
- Chicago
- World Resources Institute. G20 Economies Must Lead on Climate Despite U.S. Position on Paris Agreement. 2017. https://www.wri.org/insights/g20-economies-must-lead-climate-despite-us-position-paris-agreement.
- Wikipedia
- {{cite press release |author=World Resources Institute |title=G20 Economies Must Lead on Climate Despite U.S. Position on Paris Agreement |date=3 July 2017 |url=https://www.wri.org/insights/g20-economies-must-lead-climate-despite-us-position-paris-agreement |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{worldresourcesinstitute2017g20, author = {{World Resources Institute}}, title = {{G20 Economies Must Lead on Climate Despite U.S. Position on Paris Agreement}}, publisher = {World Resources Institute}, year = {2017}, month = jul, url = {https://www.wri.org/insights/g20-economies-must-lead-climate-despite-us-position-paris-agreement}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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