The world’s 49 most climate vulnerable countries have called on the G20 to finally set a date – preferably 2020 – for a phase out of fossil fuel subsidies, in a communiqué issued at the end of its meeting in Washington.
[This article originally appeared on climatechangenews.com]
The richest 20 nations have pledged to phase out “inefficient” fossil fuel subsidies over the “medium term”. But campaigners and investors have urged them to follow the G7 and set a deadline.
Those calls were repeated on Sunday by the finance ministers of the Climate Vulnerable Forum (CVF), a political grouping of the countries that are the most vulnerable to the effects of climate change because of geography and poverty.
In a communiqué issued at the end of its weekend meeting in Washington DC, the group called “for market distorting fossil fuel production subsidies to be removed immediately and no later than 2020, and urge the G20 to set such as adopt a clear timeframe for fossil fuel subsidy elimination”.
The CVF meeting, which was chaired by Ethiopia, said subsidies for fossil fuels could only be justified when they provided real benefits to the poor.
The G20, which represent the world’s largest economies, still pours hundreds of billions of dollars into the fossil fuel industry each year through tax breaks, direct finance and other forms of support. Definitions of what constitutes a subsidy are hotly contended, but the OECD has issued an estimate – which is considered conservative – that its member states give the industry support worth $160-200bn each year.
In a side meeting, representatives of the G20 met with the CVF, where the importance of a fossil fuel subsidy phase out was expressed.
G20 heads of state will meet in Hamburg in July. The German presidency is expected to prioritise climate change at the meeting, despite expected recalcitrance on the subject from Donald Trump’s new US administration.
The Paris climate agreement, struck in 2015, commits countries to limit global warming to “well below” 2C and pursue efforts “to limit the temperature increase to 1.5C”. As the most vulnerable countries, the CVF have the most immediate interest in keeping global temperatures below the latter, lower goal.
Macaya Hayes, ambassador of Costa Rica to the US, said: “For vulnerable countries, the 1.5C limit is a matter of survival. It requires immediate and swift action by the global community, and above all, the major industrial powers.”
Also occupying the minds of the most vulnerable countries is a promise of $100bn of finance that rich countries have promised to deliver each year to the poor world by 2020 to help them cope with climate change.
In a thinly-veiled reference the US government’s budget proposal to cease climate finance flows, the CVF communiqué said: “Pulling resources from climate protection will create economic instability. Investing in climate action is necessary and critical to inclusive development and economic growth”.
The meeting of the CVF also welcomed new members, with Colombia, Lebanon, the Gambia, Palestine and Samoa joining the forum. The Marshall Islands was elected to take over as chair from Ethiopia in 2018.
Ten years after committing to phase out fossil fuel subsidies, G20 countries still subsidise coal, oil and gas to the tune of around USD 150 billion annually. Peer review of fossil fuel subsidies help push the G20 forward on this issue, but these reviews need to be followed by action. Subsidy reforms could free up resources that could be channeled back into government programmes and on accelerating a clean energy transition.
Adapting to climate change and strengthening resilience are becoming priorities for the international community – however, they require greater ambition in climate policy. 107 governments and numerous international organisations have endorsed a call for action on raising ambition at the United Nations Climate Change Summit on 23rd September 2019. Following the summit, the Global Commission on Adaptation will begin its Year of Action to meet the climate challenges ahead. The Year of Action is here to accelerate climate adaptation around the world, to improve human well-being and to drive more sustainable economic development and security.
A new form of organized crime has recently been emerging in the Amazon: illegal mining. Miners fell trees, use high-grade explosives for blasting soils and dredge riverbeds. But the impacts go beyond environmental damage, bringing with it a slew of other social problems. Peace researcher Adriana Abdenur urges policymakers to improve coordination and argues that diplomacy may help prevent further conflicts, corruption and crime.
The severity of desertification and its mutual relationship with climate change cannot be overstated. In light of the recent launch of the Special Report on Climate Change and Land by the Intergovernmental Panel on Climate Change (IPCC), Robert McSweeney from Carbon Brief explains what desertification is, what role climate change plays, and what impact it has across the world.