The Chart of the Week showcases a valuable metric: greenhouse gas emission intensities. The data reveals significant reductions in emission intensities within agricultural and industrial sectors. However, while there are decreases in emission intensities in certain key areas, the overall pace is still insufficient to decouple economic growth from emissions in time to meet climate goals.
The Data Gaps Initiative (DGI) was launched in 2009 by the G20 Finance Ministers and Central Bank Governors (FMCBG) to close the policy-relevant data gaps identified following the global financial crisis. The successful conclusion of DGI-1 in September 2015 led to the launch of the second phase (DGI-2), with the objective to ensure regular collection and dissemination of reliable and timely statistics for policy use. DGI-2 concluded in December 2021.
In the fall of 2021, the G20 FMCBGs endorsed the concept note for the third phase of the initiative (DGI-3). DGI-3 includes 14 recommendations addressing four statistical areas (i) climate change; (ii) household distributional information; (iii) Fintech and financial inclusion; and (iv) access to private sources of data and administrative data, and data sharing.
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