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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Although water is an essential input for agriculture and industrial production, it is also scarce in many regions. When it crosses international borders via shared rivers, lakes and aquifers, it can become a source of conflict and contention. Yet while water can be a source of instability, especially in the face of climate change, it can also be a source or catalyst for cooperation and even peace.
The Gulf Cooperation Council’s grid operator is studying the feasibility of a cable to Ethiopia, which would run through currently war-torn Yemen.
Small Island States will be facing dramatically higher adaptation costs to build resilience against the kind of impacts the IPCC projects in its most recent Special Report. Thoriq Imbrahim, former Environment and Energy Minister of the Maldives, urges the international community to attend to the political demands of countries particularly exposed to the impacts of climate change and also confront loss and damage with renewed urgency.
Three years after the talks that delivered the Paris Agreement, the world is gathering in Poland to take stock of the progress that has been made and to raise its ambitions. But as new nationalist leaders take power, has the world lost its appetite for climate action?