| Geopolitical challenges to industrial decarbonization |
Facilitate greater coordination and cooperation between multilateral institutions, regional blocs, and major economies like China and the US to advance the global decarbonization agenda. |
10 |
Empower the WTO to preserve and reform the multilateral trading system: The G20 should empower the WTO by strengthening the WTO Secretariat and making additional financial resources available, the decision-making process should also be made more flexible, this will help advance and incorporate pro-development plurilateral agreements, such as the Investment Facilitation for Development (IFD) Agreement, into the WTO Framework. |
1 |
0.527 |
Multilateral cooperation for global decarbonization and economic reform (e.g., WTO, trade, global governance) |
| Scaling grassroots solutions for sustainable development |
Advocate for increased and more accessible funding for community-led loss and damage initiatives, and ensure community agency is central in the design of new global funding mechanisms. |
3 |
Strengthen Social Protection Systems to Reduce Inequalities: The G20 should, through knowledge sharing and international cooperation (including delivery of the Second World Social Development Summit action plan), promote a comprehensive restructuring of social protection systems, including social protection floors, to ensure universal access to social services, healthcare, education, early childhood development, gender and age responsive care and support systems, continuous education and technologies to respond to the challenges and seize the opportunities brought about by digitalisation and climate action. |
10 |
0.526 |
Social protection, community-led development, inclusive funding mechanisms |
| Africa's energy transition |
Develop frameworks for quantifying the impact of sustainable investments and clean tech solutions to make the business case. |
12 |
Promote industrial and investment policy to support a just and green transition and economic growth through value chain integration, and the transfer of innovative technologies: The G20 should support the creation of shared data and traceability systems. |
3 |
0.515 |
Green transition finance, clean technology investment |
| Geopolitical challenges to industrial decarbonization |
Explore opportunities for China to share its green technology and manufacturing capabilities with the developing world. |
9 |
Promote industrial and investment policy to support a just and green transition and economic growth through value chain integration, and the transfer of innovative technologies: The G20 should support the creation of shared data and traceability systems. |
3 |
0.497 |
Technology sharing, green transition support |
| Energy transition and decarbonization |
Ensure that the energy transition is approached as a systemic change, rather than just the addition of renewable assets, in order to balance security of supply, affordability, and sustainability. |
6 |
Take actions to bring down the cost of capital: The G20 should support a revised IMF Debt Sustainability Framework (jointly with the World Bank in the case of the framework for Low Income Countries) that incorporates assets created by debt; the costs of climate change and biodiversity collapse; and accounts for policy actions and investments to mitigate those vulnerabilities. |
6 |
0.475 |
Systemic approaches to energy, sustainable finance, affordability |
| Energy transition and decarbonization |
Understand the new global context and the role of the private sector as a political player, as well as the limits that nature will impose on the energy transition through resource constraints. |
4 |
The G20 should address intra- and inter country asymmetries through people centred investment financing and Public Private Partnerships (PPPs), including energy transmission and transport networks, digital and social infrastructure. |
2 |
0.474 |
Role of private sector |
| Scaling grassroots solutions for sustainable development |
Explore opportunities for private sector investment and blended financing models to scale up the green hydrogen project in Namibia. |
1 |
Take actions to bring down the cost of capital: The G20 should support a revised IMF Debt Sustainability Framework (jointly with the World Bank in the case of the framework for Low Income Countries) that incorporates assets created by debt; the costs of climate change and biodiversity collapse; and accounts for policy actions and investments to mitigate those vulnerabilities. |
6 |
0.472 |
Unlock and mobilize capital |
| Africa's energy transition |
Advocate for policy reforms and innovative financing to support Africa's renewable energy transition. |
14 |
Finance SDG Gaps through a Reform of the Global Financial System and the Promotion of Progressive Fiscal Policies: The G20 should coordinate actions to curb income and wealth concentration – particularly through the implementation of a global wealth tax and its inclusion in the UN Tax Convention – and champion reform of the MDBs and financial institutions reform to improve the access of vulnerable countries to finance and to reduce harmful global spillovers by focusing on the prioritisation of comprehensive debt relief, including debt-for-SDGs, debt-for- nature and debt-for-social investment swaps. |
8 |
0.471 |
Systemic financial reforms, closing SDG financing gaps, inclusive financial access. |
| Scaling grassroots solutions for sustainable development |
Investigate potential for carbon credits or other impact-based financing mechanisms to support the biomass pellet project in Madagascar. |
2 |
Take actions to bring down the cost of capital: The G20 should support a revised IMF Debt Sustainability Framework (jointly with the World Bank in the case of the framework for Low Income Countries) that incorporates assets created by debt; the costs of climate change and biodiversity collapse; and accounts for policy actions and investments to mitigate those vulnerabilities. |
6 |
0.470 |
Equitable climate financing |
| Africa's energy transition |
Engage with local leaders and communities to understand their needs and priorities before designing and implementing energy transition initiatives. |
13 |
Champion comprehensive ‘whole-of society, whole-of-economy’ just transition taxonomies, and exercise political leadership in UNFCCC negotiations to secure concrete outcomes and the means of implementation for just transitions at global and local levels: The G20 should lead on local, national, regional and international just transition policies and taxonomies in line with a ‘whole-of-government, whole-of-society’ approach that pursue, among others, poverty alleviation, social equity and resilience, gender equality and economic empowerment. |
12 |
0.466 |
Community engagement, just transition policies |
| Africa's energy transition |
Explore opportunities for international cooperation and shared risk management in the context of the just energy transition. |
15 |
Take actions to bring down the cost of capital: The G20 should support a revised IMF Debt Sustainability Framework (jointly with the World Bank in the case of the framework for Low Income Countries) that incorporates assets created by debt; the costs of climate change and biodiversity collapse; and accounts for policy actions and investments to mitigate those vulnerabilities. |
6 |
0.454 |
International cooperation, risk sharing, financial mechanisms |
| Geopolitical challenges to industrial decarbonization |
Investigate how development finance institutions can step in to provide capital at reasonable costs in regions like Africa where private investment is lacking. |
8 |
The G20 should also commission an independent feasibility study for a new debt resolution mechanism to replace the G20 Common Framework that, taking into account the work being implemented by the IMF and the World Bank, and the outcomes of the FfD4 in Seville, Spain, enables debtor countries to make fresh starts. |
7 |
0.425 |
Development finance, affordable capital |
| Energy transition and decarbonization |
Stop micromanaging the energy transition through annual political ambitions and instead allow the different areas of the transition to work together. |
7 |
Integrate climate and biodiversity nexus solutions with bioeconomy principles within G20 agenda: The G20 should integrate climate and biodiversity nexus solutions with bioeconomy principles within the G20 agenda on sustainable finance, food systems and energy transitions. |
14 |
0.422 |
Integrated energy transition, bioeconomy, sustainability frameworks |