The five B20 Germany Taskforces and two Cross-thematic Groups come together for a joint conference in Berlin

The B20 Conference brought together all Taskforces and Cross-thematic Groups for a joint conference in Berlin. The B20 working groups had the opportunity to continue their work on the policy proposals. In addition, there were two panel discussions with the topics “Risks and Uncertainties – Towards a Resilient Global Economy” and “Innovation and Future Orientation: Stepping Stones for Sustainable Economic Growth”.

Factsheet – Energy, Climate & Resource Efficiency

Climate change is a reality we have to deal with. The entering into force of the Paris Agreement marks a cornerstone that confirms the willingness of the global community to take global action and limit global warming below 2°C, compared to pre-industrial levels.

Still there is no time for complacency. The Paris Agreement lays out essential goals, but these must be followed by swift action. We need to change the way how we produce and consume energy in all parts of our economies, while at the same time ensuring competitiveness, economic growth, and jobs. Key elements to this are increased investments into climate friendly technologies, energy infrastructure, and energy efficiency.

Furthermore, natural resources are not endless. We need to move away from the linear “make, use and dispose” economy towards “recover and regenerate” economic cycles. And we need to think and act globally now, more than ever. Establishing energy access for all is a vital catalyst to a sustainable social and economic development in fast growing economies.

The G20 brings stakeholders together and provides an opportunity to find common ground on policies that facilitate the transition to a low carbon, energy and resource efficient global economy. The B20 stands ready to assist the G20 in its efforts.

Taskforce Priorities

Market mechanisms and the regulatory environment need to support an efficient energy transition. Carbon pricing mechanisms need to be further developed whilst taking into account competitiveness concerns. The B20 also calls for a stable regulatory framework for low carbon energy investments and supporting infrastructure, while ensuring secure, affordable, and accessible supply.

Climate-friendly technologies have reached or are close to market maturity. To further accelerate their deployment, we need a coordinated technology policy framework that facilitates increased investments and R&D in the entire energy system. Furthermore, digital technologies will play a key enabling role in an increasingly complex and decentralized energy landscape.

Applied energy and resource efficiency are key elements to a sustainable global economy. We need to further decouple population and economic growth from energy and resource consumption. Therefore, the B20 supports efforts for energy and resource efficiency collaboration amongst all G20 members. And we need to scale up our efforts to provide energy access for all in Africa and South East Asia.

To download the full – B20 ECRE Taskforce Factsheet – click here

Factsheet – Digitalization

The digitalization of economies and societies changes how we produce, how we work, and how we trade with each other. Industry 4.0 and the Industrial Internet create extraordinary growth opportunities through innovation and efficiency gains. Digital innovations in artificial intelligence offer additional potential for improved analytics, research and automation. Our economies, our companies, our machines are becoming increasingly interconnected and enable new business models. Smart factories, smart transportation systems, smart infrastructure – digitalization offers great potential for sustainable, qualitative economic growth and jobs.

However, it is also not without challenges, raising many questions. How do we treat data and data flows? How do we deal with security threats? How do we guarantee interoperability of new technologies worldwide? How do we address discomfort in parts of society and ensure that our workforce has the skills required by an increasingly digital economy? And how can we bridge the digital divide in the global economy and within countries?

For the first time, a B20 taskforce will focus on digitalization. It is high time that the international business community works together with the G20 to develop solutions to the challenges of a digital world economy.

Taskforce Priorities

Global connectivity is simultaneously opportunity and challenge. As the risk of digital attacks increases, we need an increased exchange on best practices as well as aligned systemic infrastructure standards for cybersecurity to ensure a safe and trustworthy environment. At the same time, we need to reduce barriers for cross-border data flows to enable the full potential of connected economies, while at the same time ensuring data protection. In order to improve the general global access to digitalization, the B20 calls for a favorable environment for private investments in ICT infrastructure.

Industry 4.0 and the Industrial Internet require collective action. The quick development of globally market-driven and interoperable standards must be a priority. In addition, B20 supports mechanisms that facilitate the usage of Industry 4.0 and the Industrial Internet technologies and points to the need for adequate protection of intellectual property. ICT infrastructure, as a basis for this industrial revolution, must be ameliorated through concrete investment strategies.

Artificial intelligence is a massive ongoing innovation process which raises not only enthusiasm but also societal skepticism. B20 supports the growth of artificial intelligence and wants to foster innovation and the rollout of applications in this area. To unlock societal support, improved review and explanation of the huge potential is needed. The G20 members can directly benefit by deploying smart infrastructure and improve reliability, costs and utilization by means of artificial intelligence.

To download the – B20 Digitalization Taskforce Factsheet – click here

Source: B20 Germany

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