G20 role in climate finance critical: UN body chief

Published On : 2024-11-17T08:15:28+0530 [ IST ] | Author : Mayur_Tembhare
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With world leaders heading to Rio de Janeiro for the G20 summit next week the UN climate chief Simon Stiellon urged them to send a strong signal that climate action is core business for the world's biggest economies and step up climate finance globally as it requires action both inside and outside the COP

His remarks come as negotiators here continue to brainstorm on finalising post-2025 climate finance goals without making much headway on the latest iteration of the draft decision text during multiple negotiations at CO.

Here in Baku negotiators are working around the clock on a new climate finance goal. There is a long way to go but everyone is very aware of the stakes at the halfway point in the COP. Climate finance progress outside of our process is equally crucial and the G20's role is mission

The UNFCCC chief said the G20 leaders must indicate "loud and clear" that international cooperation is still the best and only chance humanity has to survive global warming.

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 the order of business Number One in Rio next week.

The G20 a group of developed countries and emerging economies including India Brazil and China hold 80% of the world's GDP and account for around 80% of the world's greenhouse gas emissions.

Source : Reporters From Sunrise Chronicles

Tags : The , Baku , Simon Stiellon Saturday , Stiell , China , With , India , Janeiro , It , worldclimate finance globally ,

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