Global S&T Development Trend Analysis Platform of Resources and Environment
Why Venice matters: setting the scene for success at Glasgow | |
Sima Kammourieh | |
2021-07-06 | |
出版年 | 2021 |
国家 | 欧洲 |
领域 | 气候变化 |
英文摘要 | Last month, ahead of the June sequence of G7 Finance Ministers and Leaders, E3G wrote (here and here) about the renewed relevance of the Gs in 2021. We noted that we needed to see commitment and concrete steps from both the G7 and G20 ahead of COP26 in order to make the multilateral system work to support global recovery and sustainable development. This July will see the G20 take to the international financial diplomacy stage:
Why does this sequence matter?Typically, the July meeting of G20 Finance Ministers is not the one that garners most attention. Flagship meetings of G20 Finance Ministers are their April meeting, before the IMF/World Bank Spring Meetings, and their October meeting, before the meeting of G20 Leaders closing the G20 sequence for the year. In addition, at least on paper, the Venice Conference is simply that – a conference. This year, however, is different, and July’s meetings take on a new importance. Expectations were high for the June G7 sequence. The global recovery and reset needed in 2021 mean that significant resources are needed this year (and, in all likelihood, this will extend into 2022). We know that decisions taken on this front – how much financial resources are deployed; are they deployed inclusively; are they going to the right priorities – will be critical to set the course for climate safety for the next decade. This is why the G7 sequence was key. However, despite some good results, G7 countries left a lot of homework on the table. G7 countries will have to address this. In the meantime, this homework is for the G20 to pick up – even if brokering consensus on climate issues can be much more challenging in the G20 than in the G7. And because brokering such consensus can be difficult in G20 format, the Venice Conference, which will bring together like-minded climate champions, can serve as a helpful backup to move forward certain conversations. What do we need to see from the July sequence?What we need to see in July are the hooks that will lead to results in October. In other words, what is needed now is a comprehensive agenda that G20 Finance Ministers or Leaders should deliver on with concrete action and measures before the end of the year. This agenda should be delivered preferably through the G20 Finance Ministers’ communiqué on 10th July with the Italian Presidency’s closing remarks at the Venice Conference filling in any gaps on the 11th. The agenda must deliver the financial firepower and reform needed for global prosperity and resilience, with adequate momentum. It should cover the following major items:
Setting this comprehensive agenda in July is necessary to ensure the G20 is on track for the October meetings of its Finance Ministers and Leaders. It is also needed to ensure Leaders and Ministers have the momentum needed ahead of COP26. This agenda is ambitious, but also achievable. The challenge awaiting us in the future, if this opportunity is not grasped, will be much greater. |
URL | 查看原文 |
来源平台 | E3G |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/334275 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Sima Kammourieh. Why Venice matters: setting the scene for success at Glasgow,2021. |
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