RIO DE JANEIRO, 19 NOV – G20 leaders agreed that measures taken to combat climate change, including unilateral ones, should not be grounds for arbitrary discrimination or implicit restrictions on international trade, according to a statement by G20 leaders, Rio de Janeiro released today.
The leaders urged members to work together in promoting a supportive and open international economic system, aimed at achieving economic growth and sustainable development in all countries, thus enabling them to better address the problem of climate change.
They emphasized the need to increase public and private climate finance and investment for developing countries, in addition to highlighting the urgent need to drastically increase climate finance from billions to trillions from all sources.
The leaders also supported the implementation of efforts to triple renewable energy capacity globally and double the average annual rate of global energy efficiency improvement through existing targets and policies.
They reaffirmed their commitment to the full and effective implementation of the Kunming-Montreal Global Biodiversity Framework and emphasized the importance of sustainable forest management and combating deforestation.
They also pledged to end plastic pollution and avoid discriminatory green economic policies, in line with World Trade Organization (WTO) rules and multilateral environmental agreements, while recognizing the importance of adopting sustainable production and consumption patterns. – Named
