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Scientific policy advise for G20

14/12/2016 – Germany has taken the presidency of the G20 in the beginning of December. Leading PIK-scientists support the Federal Government in this process on several levels. Hans Joachim Schellnhuber, director of the Potsdam Institute for Climate Impact Research (PIK), handed over a Special Report with concrete recommendations for action on a transformation together with the German Advisory Council on Global Change (WBGU). Last week at the kick-off of the so-called T20-process, the team of PIK’s chief economist Ottmar Edenhofer took the lead of the task force on climate policy.
Scientific policy advise for G20

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As part of the T20-process, international think tanks engage on current topics of the G20 and develop scientifically substantiated recommendations in first instance until summer 2017, when the heads of state and government are going to meet at a summit in Hamburg. The task force “Climate Policy and Finance” is led by Ottmar Edenhofer and his team of the Mercator Institute of Global Commons and Climate Change (MCC). The G20 produce the lion’s share of the greenhouse gas emissions from their use of fossil fuels, therefore the achievement of the global climate protection goals is not possible without them. The task force will focus on CO2-pricing, the development of sustainable infrastructures for low-emission growth, and on “green” financing as a lever for innovation advancement, says Edenhofer.

Innovation, Investment, Infrastructure, Inclusion – these are the four fields by which the G20 could and should forward the world in the direction of climate stabilization and boost the economy, says the WBGU in it’s new special report „Development and justice through transformation: The Four Big ‘I’s“, that was presented to the Federal Minister of the Environment, Barbara Hendricks, and the Federal Minister of Research, Johanna Wank, yesterday. The scientists recommend the establishment of a “Future Fund” to be financed through CO2-pricing and a new type of inheritance tax. The money could be used, for example, for a comprehensive decarbonization of the global economy as well as to reduce social and economic inequalities.

The main recommendations of the WBGU’s Special Report:

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