Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
In this context, they are looking forward to “a successful outcome” of the U.N. Summit in New York for the adoption of the 2030 Agenda for Sustainable Development. The summit will be held from Sep. 25 to 27 in New York as a high-level plenary meeting of the General Assembly of the world body.
The G20, meeting in Turkey’s capital Ankara on Sep. 4-5, reviewed ongoing economic developments, their respective growth prospects, and recent volatility in financial markets and its underlying economic conditions. They welcomed “the strengthening economic activity in some economies” but said that global growth was falling short of their expectations.
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Ten years after committing to phase out fossil fuel subsidies, G20 countries still subsidise coal, oil and gas to the tune of around USD 150 billion annually. Peer review of fossil fuel subsidies help push the G20 forward on this issue, but these reviews need to be followed by action. Subsidy reforms could free up resources that could be channeled back into government programmes and on accelerating a clean energy transition.
Adapting to climate change and strengthening resilience are becoming priorities for the international community – however, they require greater ambition in climate policy. 107 governments and numerous international organisations have endorsed a call for action on raising ambition at the United Nations Climate Change Summit on 23rd September 2019. Following the summit, the Global Commission on Adaptation will begin its Year of Action to meet the climate challenges ahead. The Year of Action is here to accelerate climate adaptation around the world, to improve human well-being and to drive more sustainable economic development and security.
A new form of organized crime has recently been emerging in the Amazon: illegal mining. Miners fell trees, use high-grade explosives for blasting soils and dredge riverbeds. But the impacts go beyond environmental damage, bringing with it a slew of other social problems. Peace researcher Adriana Abdenur urges policymakers to improve coordination and argues that diplomacy may help prevent further conflicts, corruption and crime.
Access to water can be a critical resource for cooperation, but also a source of tension. Identifying risks before their onset is crucial for the efficiency and economic feasibility of intervention strategies, but how can these risks be measured? To address this conundrum, adelphi together with several partners convened a side-event at World Water Week, which connected experts developing analytical tools to policy makers in the water sector.