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Energy Efficiency and Green Growth

Energy Efficiency and Green Growth

Clean Energy and energy efficiency

During the Cannes Summit the G20 Leaders in stated that they will promote low-carbon development strategies in order to optimize the potential for green growth and ensure sustainable development in our countries and beyond. The leaders welcomed the UN Secretary General’s “Sustainable Energy for all” initiative. The Leaders supported the development and deployment of clean energy and energy efficiency (C3E) technologies. The Leaders welcomed the assessment of the countries’ current situation regarding the deployment of these technologies as well as the ongoing exercise of sharing best practices, as a basis for better policy making. The Leaders at Cannes declared that they are committed to the success of the United Nations Conference on Sustainable Development in Rio de Janeiro in 2012.

Russia fully supports the thesis that technological change in energy markets should be employed to create jobs and improve the competitiveness of G20 economies without deepening disparities and introducing new trade barriers. Thus Russia has given considerable importance to the existing debates in the C3E working group to be important.

Green Growth

Inclusive Green Growth was introduced by the Mexican Presidency to support the transition of developing countries, in particular the low income countries towards lower carbon economies, and towards promoting economies more resilient to climate change with the aim of achieving sustainable development and poverty eradication.

During the Los Cabos Summit, leaders highlighted that inclusive green growth and sustainable development policies have strong potential to stimulate long term prosperity. The G20 Finance ministers and Central Bank Governors during their meeting in November 2012 committed to voluntarily self-report again in 2013 on their efforts to incorporate green growth and sustainable development policies into structural reform agendas, taking into account the outcome of the UN Conference on Sustainable Development (Rio+20).

As far as the green growth agenda is concerned Russia believes that by introducing “green” policies, governments not only receive public support for the environmental benefits they bestow, but also generate economic benefits and promote development and growth. Russia also considers that it is highly worthwhile for all countries to exchange best practices on implementing green growth policies, including how consensus was built on a national level and the economic effects achieved..

Rational use of available energy resources is another clear policy imperative. This means minimizing our industrial footprint and seeking sustainable development. The Los Cabos Summit made an explicit commitment to seek further ways and means to incorporate sustainability and green growth into the structural policies and energy agenda of G20 countries. The Russian Presidency aims to ensure continuity through addressing the commitments.

Climate Change Finance

At the Cannes Summit, the leaders committed to the success of the Durban Conference on Climate Change on 28 November - 9 December 2011. The leaders called for the implementation of the Cancun agreements and further progress in all areas of negotiation in Durban. They committed to stand ready to work towards operationalization of the Green Climate Fund as part of a balanced outcome in Durban.

At the Los cabos Summit , the leaders commited to maintain a focus on inclusive green growth as part of the G20 agenda and in the light of agreements reached at Rio+20 and the United Nations Framework Convention on Climate Change (UNFCCC). It was emphasised that Climate change will continue to have a significant impact on the world economy, and costs will be higher to the extent we delay additional action. The leaders reiterated their commitment to fight climate change and welcomed the outcome of the 17th Conference of the Parties to the UN climate change conferences. The G20 Finance Ministers and Central Bank Governors during their meeting in November 2012 welcomed the progress report by the G20 Climate Finance Study Group on ways to effectively mobilize resources for climate finance.