According to the recently released ‘Climate Transparency Report 2022‘ by a partnership of climate analysis organisations in G20 countries, India is the worst affected among G20 nations by carbon-emission-induced temperature rise.
This resulted in a $159 billion (5.4% of GDP) loss in India in 2021 due to labour capacity reduction caused by extreme heat, with the losses being highest in four sectors – services, manufacturing, agriculture and construction.
About the Climate Transparency (CT) –
- CT is a global partnership with a shared mission to stimulate a “race to the top” in climate action in G20 countries through enhanced transparency.
- It brings together the most authoritative climate assessments and expertise of stakeholders from G20 countries.
- These experts collaborate to create a credible, comprehensive and comparable picture of G20 climate performance which is compiled as – The Climate Transparency Report.
About the Climate Transparency Report –
- Published on an annual basis on the eve of the G20 Summit, it provides a concise summary of the key facts and figures on the G20’s climate performance in a comparative tally.
- The analysis includes 20 detailed country profiles (of all G20 members) and covers climate adaptation, mitigation and finance.
- The 2022 Report is the eighth edition, especially highlighting the link between the climate emergency and energy crisis.
Key highlights –
- The report, highlighting how G20 members collectively undermine climate efforts, stated that these countries recorded high emissions in the energy sector despite warnings from the Intergovernmental Panel on Climate Change (IPCC).
- For example, even before Russia’s invasion of Ukraine, the G20 countries’ support for the production of fossil fuels reached new highs of $64 billion in 2021.
- According to the IPCC, the countries must halve emissions by 2030 to maintain the 1.5 degree C warming limit enshrined in the Paris Agreement.
- Carbon emissions from energy use increased by 5.9% across G20 countries last year, surpassing pre-pandemic levels, causing massive income losses in the services, manufacturing, agriculture and construction sectors.
- India (5.4% of GDP), Indonesia (1.6% of GDP) and Saudi Arabia (1% of GDP) were the countries hardest hit by income losses in these sectors.
- As the average global temperature last year already reached about 1.1 degrees Celsius above pre-industrial levels (1850-1900), heat waves will likely affect 10% of the current population in India and Brazil in the coming years.
- Under a 3-degree Celsius warming scenario with insufficient mitigation targets, this will likely increase to more than 20% in Brazil and nearly 30% in India.