Tag: G20

G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption

Stuart Mitchell

G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s G20 Presidency, titled “Low-Cost Financing for Energy Transitions”, which estimates a need for over USD 4 trillion in annual investments by 2030. According to IRENA’s “World Energy Transitions Outlook 2023”, released earlier this year in June, the…

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Guterres calls for G20 to agree $500 billion annual stimulus for sustainable development

Stuart Mitchell

The UN has called for a significant increase to the tune of $500 billion each year in extra financing from the world’s most developed nations, to meet the crucial 2030 Agenda for Sustainable Development. So far, the global financial system has failed to effectively cushion the impacts of current crises impacting the Global South the most: the COVID-19 pandemic, the war in Ukraine and the ongoing climate emergency. Tweet URL “Today’s poly-crises are compounding shocks on developing countries – in large part because of an unfair global financial system that is short-term, crisis-prone,…

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UN Women and Women 20 call on G20 members to recognize women as drivers of economic recovery and resilience during COVID-19 and beyond

Stuart Mitchell

Amidst a COVID-19 pandemic that is expected to cause an unprecedented global economic downturn, UN Women, the UN entity dedicated to gender equality and the empowerment of women, and Women 20 (W20), the official G20 engagement group on women, have called on G20 Finance Ministers and Central Bank Governors to put women at the heart of recovery efforts. In a joint statement, both groups called on addressing women’s distinct economic roles, contributions and constraints, and seizing the opportunity to put women at the center of investment design to realize sustainable…

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477 investors with USD $34 trillion in assets urge G20 leaders to keep global temperature rise to 1.5 degrees Celsius

Stuart Mitchell

Amundi, California State Teachers’ Retirement System (CalSTRS), Legal & General Investment Management, Natixis Investment Managers, Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Asset Management, among a record number of signatories to the Global Investor Statement to Governments on Climate Change. Investors from around the globe are urging world government leaders to step up ambition on climate change and enact strong policies by 2020 to achieve the goals of the Paris Agreement, including phasing out thermal coal power and pricing carbon. 477 investors with $34 trillion (USD) in assets, a record…

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