G20
COP29 Bulletin Day 8: G20 backs new climate finance goal but ignores fossil fuels
G20 leaders “commit to successful negotiations in Baku”, including on climate finance, but promise little else to unblock fraught talks
G20 waters down experts’ climate finance report, despite UN pressure to act
A report by top economists on finance for climate action was weakened after feedback from G20 nations, even as the UN says they must all slash emissions
A global wealth tax is needed to help fund a just green transition
Brazil and France have proposed a tax on the super-rich to fight against poverty and climate change – G20 finance ministers should get behind it this week
The world needs a new global deal on climate and development finance
A more effective framework led by the UN could involve a binding financial target, a role for emerging economies and consolidation of funds
Will blossom of reform bear fruit? Spring Meetings leave too much to do
Changes are afoot at the IMF and World Bank – but debt-squeezed developing nations need far faster access to more finance for climate action
Spring Meetings can jump-start financial reform for food and climate
The World Bank and IMF have a big part to play in raising the $3 trillion needed to help countries meet global development goals and the Paris accord
G20 leaders strike renewables deal, stall on fossil fuels
The world’s largest economies agreed to push for a tripling of renewable energy capacity by 2030, but made no progress on oil and gas phaseout
A rocky path to Cop28 – Climate Weekly
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G20 climate talks fail to deliver emission cuts despite leadership pleas
Cop28 president, Sultan Al Jaber and UN climate change boss, Simon Stiell, had called on G20 countries to show leadership and deliver ambitious emissions cuts.
G20 divisions over key climate goals pile pressure on Cop28 hosts
The world’s largest economies failed to agree on targets to phase down fossil fuels and scale up renewables
Open letter from 14 countries to G20: Safeguard a liveable future
In an open letter to the G20, climate ministers from 14 countries outline key actions ahead of COP28, including a fossil fuel phase out.
India set to push for green World Bank reforms at G20
India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda
Who will pay for Pakistan? – Climate Weekly
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Collapse of G20 talks in Bali spark fears of ‘backtracking’ on climate pledges
Climate and energy ministers clashed over Ukraine, climate finance, methane, shipping, carbon levies and whether 1.5C or 2C should be the world’s warming limit
Finance must be the golden thread for climate diplomacy in 2022
Here’s how G20 host Indonesia and G7 host Germany can make climate finance flow for effective action next year
Dispute over coal exit set to dominate G20 leaders’ summit
The Italian presidency is seeking to secure an agreement to phase out coal power but there is resistance from members including China, India and Australia
G20 backs carbon pricing, ‘raising stakes’ among emerging economies
The EU’s threatened carbon tariff on imports has spurred trading partners like Indonesia and Turkey to consider making polluters pay at home
Climate vulnerability should be factored into debt relief, says IMF head
Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19
Saudis and Europeans reach compromise on climate as G20 projects unity
EU leaders endorsed Riyadh’s contentious “circular carbon economy” vision at the G20 summit, in exchange for a renewed commitment to phasing out fossil fuel subsidies
Saudi-led G20 energy statement backs fossil fuel bailouts
Neglecting to mention climate change or commitments to end fossil fuel subsidies, G20 energy ministers focused on stabilising the oil market