G20 Foundation Publications Turkey 2015 | Page 106

106 CLIMATE CHANGE & SUSTAINABILITY Tony de Brum, Minister of Foreign Affairs of the Republic of the Marshall Islands G20 HOLDS KEYS TO OUR SAFE CLIMATE FUTURE As G20 leaders gather in Antalya, they will have on their minds what promises to be the most important global meeting of a generation – the Paris Climate Change Conference. In 2008, G20 leaders met in Washington in a bid to bring the global economy back from the brink of collapse. The consequences of failure in Paris would be no less dire, and the impacts surely more tragic. Maria de Fatima Monteiro Jardim, Minister of Environment of Angola which is the Chair of the Least Developed Countries After years of diplomatic momentum-building, the prospects are good for adopting a new global climate change agreement in Paris. More than two-thirds of the countries of the world, including all G20 members, have presented their proposed post-2020 emission reduction targets for eventual inscription in the Paris Agreement. And perhaps even more importantly, we have all sectors of the global economy on board. Almost every company, every city and every community now accepts the need to act. While the momentum is strong, there is no escaping the fact that the targets on the table are still falling way short – we are still on track for around 3 C or more of global warming. This would not only spell the end for some of the world’s low-lying island states and vulnerable coastal states, and least developed countries, but it would also unleash the biggest ever breakdown in global security, and gradually drag the world economy into a downward spiral from which recovery would be very difficult, if not impossible. To get us back on track, the Paris Agreement must therefore be designed for “ambition”. 0 To do this, the Paris Agreement must first build on the G7 Summit in June and signal a clear break from the past by setting a common goal to accelerate the transition away from fossil fuels, and to fully decarbonize the world