Abstract
This policy brief calls on the Group of Twenty (G20) governments to support a wide range of climate change mitigation approaches in hard-to-abate industries. It uses the Circular Carbon Economy framework, proposed by the Saudi G20 presidency, as an essential means to a low-carbon future through coordinated G20 efforts towards supporting carbon management technology innovations. This enables cooperation to consolidate efforts in upscaling carbon management technologies, and incentivizes carbon-neutralization across hard-to-abate industries. The socioeconomic shock due to the COVID-19 pandemic offers the opportunity for G20 governments to “build back better“ using economic stimulus packages leveraging CCE for a more inclusive, resilient, and sustainable future.
