Australia’s response to climate change is one of the worst in the G20 with a lack of policy, reliance on fossil fuels and rising emissions leaving the country exposed “economically, politically and environmentally”, according to a new international report.

According to the Intergovernmental Panel on Climate Change’s (IPCC’s) Special Report Global Warming of 1.5°C, a near-total reduction in the use of coal and other fossil fuels for electricity generation by 2050 is necessary if the temperature goal of the Paris Agreement is to be reached, with reductions of approximately two-thirds by 2030.

This paper explores ways of financing the transition from brown, carbon-intensive models of economic development to low-carbon, green economies. Countries are beginning to better understand their progress in transitioning from brown to green models of economic development.

The Brown to Green Report 2017 by Climate Transparency provides a comprehensive overview of the G20 countries, whether – and how well – they are doing on the journey to transition to a low-carbon economy. It assesses the main trends for the G20 in emissions, climate policy performance, finance, and decarbonisation.

The effects of climate change, which we are already witnessing, are the consequence of rising concentrations of greenhouse gases (GHGs). At the moment, absolute emissions are still rising, caused by our overwhelmingly fossil fuel-based energy system (our “brown infrastructure”).

This “Brown to Green” report by Climate Transparency provides a comprehensive overview and assessment for the G20 countries, whether – and how well – they are doing on the journey to transition to a low carbon economy.