“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.” (Nikola Tesla)
The impact of increasing climate change presents one of the most significant global challenges and is already leading to high costs and risks around the world. By adopting the Paris Agreement, the international community is taking decisive action against climate change and setting a clear goal, that is, to achieve greenhouse gas neutrality during the course of this century and limit global warming to significantly below 2°C compared to pre-industrial levels, ideally to 1.5°C.
Beyond the ratification of the Paris Agreement, the G20 wishes to make headway on ambitious implementation and to support third countries in doing so. Such an approach can strengthen technological innovation and employment in future-oriented industries if the G20 provides long-term direction and certainty through common framework conditions for the economy. To this end, the G20 also wishes to link climate and energy policy more closely and, with the aim of ensuring a reliable investment climate, to intensify activities, and contribute to a better management of climate risks. A secure, economically efficient and greenhouse gas neutral energy supply accessible to everyone is a fundamental prerequisite for economic growth and prosperity, and one of the main priorities of the G20. The aim of discussions in the G20 is to foster appropriate political frameworks, financing instruments, and economic incentives for investments in climate-resilient infrastructure and to boost technological innovations.