Brown to Green Report, 2019: Performance of G20 countries on Climate Change
The Brown to Green Report is the most comprehensive review of climate actions of G20 nations. The report covers 80 indicators and is developed by experts from 14 research organizations.
Highlights of the report
- G20 countries are responsible for 80% of global Green House Gas emissions.
- Every year between 1998 and 2017, the G20 countries lost 142 billion USD on an average due to extreme weather events.
- According to the report, India is the only country that is close to 1.5-degree Celsius temperature rise. It is the scenario set by the global scenario in the Paris Agreement that will lead to disastrous consequences. India has set ambitious NDCs and is investing more in long term goals.
- Russia, France, Italy, Germany and India were the highest ranked countries that faced economic losses from extreme weather events. Around 181 countries were taken for the ranking
- Brazil and Germany were the only two countries with long term goals.
- The other countries like Russia, Indonesia, China, Saudi Arabia, EU and Turkey are lagging ambitious NDC targets as required by Paris Agreement
- Australia was the worst performing country in terms of climate response according to the report.
G20 Groupings
There are around 20 members in the G20 grouping including India. The Grouping was established with the aim of discussing policies pertaining to promotion of international financial stability. Collectively, the grouping account to 90% of the world GDP with two-third world population and 80% of world trade.
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Month: Current Affairs - November, 2019