International Cooperation to Accelerate Development and Deployment of Circular Carbon Economy
The Energy Transition is necessary for achieving both universal energy access and the Paris Agreement targets, and it requires pathways that need to rely on all technologically feasible and economically affordable solutions. The Circular Carbon Economy (CCE) has been accepted at the Saudi-presided G20 as an holistic, integrated, inclusive, pragmatic approach to managing emissions. Nevertheless, CCE implementation requires international cooperation and agreement on how to monitor, quantify, certify, account carbon-content, & incentivize minimizing carbon emissions from fossil-based fuels.
To address these challenges, a policy brief proposal has been submitted and accepted to the T20 Italy, the think thank of the G20 Italy. During the Inception Conference of T20 Italy, the think tank of the G20, Dr. Manal Shehabi presented the accepted policy brief proposal titled “International Cooperation to Accelerate Development and Deployment of Circular Carbon Economy.”
The policy brief proposes a three-point action plan to increase international cooperation and agreement on how to monitor, quantify, certify, account carbon-content, and incentivise minimising carbon emissions from fossil-based fuels. The policy brief would expand necessary efforts to transition the hard-to-abate sectors toward carbon reduction and neutrality.
