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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Climate Diplomacy Week is a perfect opportunity to highlight positive climate action, set new goals and engage more and new actors in the fight against the devastating impacts of climate change. Each year, the week has its own character. Climate Diplomacy Week 2018, from 24-30 September, was marked by action – throughout the world, civil society participated in inspiring educational activities and engaged the wider public in the climate cause.
In a move that underscored Donald Trump’s isolation on trade and climate change, the two major economies inserted a reference to the Paris Agreement into Ceta.
Fourteen Latin American and Caribbean countries made history at the UN General Assembly on September 27 by signing the Escazú Agreement, a regional accord on public participation and access to information and justice in environmental affairs. It is the first region-wide agreement of its kind and has been touted a big step forward in recognising the rights of environmental defenders. Signatories now need to ratify the Agreement internally before it can enter into force.
Though India is now pushing for BIMSTEC, geography dictates that it cannot ignore SAARC. South Asia is extremely vulnerable to a range of climate impacts, ranging from shrinking glaciers and water scarcity to floods and rising sea levels. Responding to these risks is a complex task, also because often impacts affect more than one country and their severity exceeds the capacity of national governments. Climate change creates new challenges for regional organisations, and simultaneously increases their relevance.