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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As December’s UN climate summit in Poland rapidly approaches, it is shaping up to be a race against time to prepare the so-called Paris rulebook, which will govern how the landmark climate agreement will actually be implemented.
Members of the European Parliament voted on Wednesday (10 October) in favour of increasing the EU’s Paris Agreement emissions pledge by 2020. They also urged the European Commission to make sure its long-term climate strategy models net-zero emissions for 2050 “at the latest”.
A new USAID report focuses on the intersection of climate exposure and state fragility worldwide. It finds that the factors that make a country vulberable to large-scale conflict are similar to those that make it vulnerable to climate change. The report thus offers a way for global audiences with an interest in climate and security to identify places of high concern.
A big difference. That was the conclusion the Intergovernmental Panel on Climate Change (IPCC) came to when it assessed the differences between a 1.5°C and a 2°C warmer world in a landmark special report published in early October. The leading scientific authority on climate change found that the world is likely to pass the 1.5 °C mark between 2030 and 2052 if current emission trends are not interrupted.