Kathmandu, Nov 17: As the annual UN climate gathering has made a week in Baku, the capital city of an Eurasian country, Azerbaijan, and various leaders readying for another seminal event in the South America, the G20 leaders are urged to augment climate finance in order to spur climate actions in the developing and the least developed countries.
Ahead of the G20 Summit scheduled to kick off in Rio De Janeiro, Brazil, the group of world’s biggest economies, have been requested to make climate action a key agenda.
The Summit is scheduled for November 18-19. Executive Secretary of UN Climate Change, Simon Stiell, issued a statement on November 16 and reminded the G20 leaders to make climate action their ‘core business’ during the Summit.
Executive Chief Stiell reminded that entire world was observing the G20 Summit closely and placing hopes on agenda of climate change, the most pressing issue of time. “The G20 was created to tackle problems that no one country, or group of countries, can tackle alone.
On that basis, the global climate crisis should be order of business Number One, in Rio next week,” said in the statement released on November 16, underlining the need of prompt reduction of emission.
He stressed, “Bolder climate action is basic self-preservation for every G20 economy. Without rapid cuts in emissions, no G20 economy will be spared from climate-driven economic carnage.”
Stiell has taken positively the decision of some G20 countries to flow 2 trillion Dollars to the clean energy this year.
A website focused on G20 Summit has stated that the Summit is the “moment when heads of state and government approve the agreements negotiated throughout the year and point out ways of dealing with global challenges.”
Brazil is voicing for collaboration to end global hunger, it added. Other issues on top list during the event are social inclusion, global governance, sustainable development and energy transition.
The G20 Summit has the rotating presidency in group. This year Summit is being held under the theme of ‘Building a Just World and a Sustainable Planet’.
The Group, which was initially a forum of Finance Ministers and Bank Governors to dwell on economic and financial issues of the world, was established in 1999.
It has the African Union, the EU, and 19 countries as the members.
The member countries to this block range from multiple continents- Asia, Africa, Europe, Australia, and North and South Americas. Both China and India are its members. G20 leaders’ declaration is issued after the conclusion of the Summit. It was India hosting the event last year.
