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A Green and Just Planet | Independent Report of the G20 TF‑CLIMA Group of Experts

Authors: 

G20 Taskforce on Global Mobilization Against Climate Change (TF-CLIMA)

Co-Chairs

  • Mariana Mazzucato | Founding Director and Professor in the Economics of Innovation and Public Value | UCL Institute for Innovation and Public Purpose
  • Vera Songwe | Senior fellow in the Africa Growth Initiative at the Brookings Institution

Abstract:

This final report, authored by the Group of Experts to the G20 Taskforce on Global Mobilization Against Climate Change (TF-CLIMA) and co-chaired by Professor Mariana Mazzucato and Dr. Vera Songwe, presents a transformative framework for green industrial strategies and green financial policies aimed at limiting global warming to 1.5ºC. The report calls on G20 nations to commit to new development pathways that align economic growth with urgent climate action, and advocates for equitable global governance structures that ensure all countries benefit from green growth.

Key recommendations include:

  • Adopt green industrial strategies aligned with Nationally Determined Contributions (NDCs), supported by cross-ministerial and cross-sectoral collaboration and investment.
  • Reshape financial policies and institutions to unlock access to affordable green finance and enable investments in a low-carbon, sustainable future.
  • Ensure equitable global governance of both green industrial strategies and green finance, so that all countries can benefit from green growth.

The report was presented at the G20 and IMF-World Bank Annual Meetings in Washington, D.C., (October 2024) to drive global momentum around these vital actions.

Reference:

Mazzucato, M., and Songwe, V. (2024). A Green and Just Planet. The 1.5°C Agenda for Governing Global Industrial and Financial Policies in the G20. Independent Report of the G20 TF‑CLIMA Group of Experts. 
Available at: https://www.gov.br/g20/pt-br/trilhas/trilha-de-sherpas/mudanca-climatica/independent-report-tf-clima-group-of-experts.pdf/@@download/file

This policy report is part of the UCL Institute for Innovation and Public Purpose’s (UCL IIPP) publication series.

Explore more working papers and policy reports here.