Action Point GSS:
Facilitate greater coordination and cooperation between multilateral institutions, regional blocs, and major economies like China and the US to advance the global decarbonization agenda.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: advance, multilateral
Action Point GSS:
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.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: ensure
Action Point GSS:
Develop frameworks for quantifying the impact of sustainable investments and clean tech solutions to make the business case.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: investment
Action Point GSS:
Explore opportunities for China to share its green technology and manufacturing capabilities with the developing world.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: green, share, technology
Action Point GSS:
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.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: asset, change, sustainability
Action Point GSS:
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.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: energy, private
Action Point GSS:
Explore opportunities for private sector investment and blended financing models to scale up the green hydrogen project in Namibia.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: investment
Action Point GSS:
Advocate for policy reforms and innovative financing to support Africa's renewable energy transition.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: policy, reform
Action Point GSS:
Investigate potential for carbon credits or other impact-based financing mechanisms to support the biomass pellet project in Madagascar.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: support
Action Point GSS:
Engage with local leaders and communities to understand their needs and priorities before designing and implementing energy transition initiatives.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: local, transition
Action Point GSS:
Explore opportunities for international cooperation and shared risk management in the context of the just energy transition.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: None
Action Point GSS:
Investigate how development finance institutions can step in to provide capital at reasonable costs in regions like Africa where private investment is lacking.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: None
Action Point GSS:
Stop micromanaging the energy transition through annual political ambitions and instead allow the different areas of the transition to work together.
Top Matching Recommendation (T20 Communiqué):
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.
Shared word: energy, transition
Action Point GSS:
Sensitize local communities on the value of their traditional knowledge and innovations, and protect their intellectual property rights.
Top Matching Recommendation (T20 Communiqué):
Promote value addition and fair benefit-sharing in critical mineral value chains for equitable green industrialisation: The G20 Critical Minerals Governance Framework currently being developed should promote value addition and fair benefit-sharing in critical mineral value chains for equitable green industrialisation.
Shared word: value
Action Point GSS:
Develop a positive narrative around the energy transition that focuses on success stories and opportunities, rather than just apocalyptic scenarios.
Top Matching Recommendation (T20 Communiqué):
Deepen G20 engagement on insurance to enhance resilience and disaster risk response: The G20 should significantly increase and accelerate climate adaptation and just transition finance, and their appropriate consideration across processes (Baku to Belém Roadmap, FFD4).
Shared word: transition