The SDG Stimulus is a minimal and necessary step to ease the food and energy crises and prevent further suffering and hardship down the line. To invest in their people and rescue the 2030 Agenda for Sustainable Development. This will enable emerging economies to invest in healthcare, education, gender equality and renewable energy. I therefore urge G20 economies to adopt an SDG stimulus package that will provide governments of the Global South with investments and liquidity, and offer debt relief and restructuring. Second, the 2030 Agenda and the Sustainable Development Goals.ĭeveloping countries cannot access the finance they need to reduce poverty and hunger, and invest in sustainable development. It can help end dependence on fossil fuels while providing universal, affordable, sustainable energy for all. The Climate Solidarity Pact can save lives, livelihoods, and our planet. Wealthier countries and International Financial Institutions would provide financial and technical assistance to help the emerging economies accelerate their renewable energy transition. Under this pact, they would make extra efforts this decade to keep the limit of 1.5 degrees alive. G20 leaders can make or break the Climate Solidarity Pact that I intend to present again tomorrow. G20 countries are responsible for 80 per cent of global emissions. It is obvious we need a new approach.Īnd so, I have proposed a historic pact between developed and emerging economies – a Climate Solidarity Pact that combines the capacities and resources of developed and emerging economies for the benefit of all.
I tend to agree that insanity consists in doing the same thing over and over again and expecting a different result. Science tells us that global heating beyond that limit poses an existential threat to all life on earth.īut global emissions, and temperatures, continue to rise. We are dangerously close to tipping points at which climate chaos could become irreversible. The goal of limiting global temperature rise to 1.5 degrees is slipping away. I have just come from the COP27 Summit in Sharm el-Sheikh. The G20 is ground zero for bridging divisions and finding answers to these crises and more.įirst, climate – the defining challenge of our age. Geopolitical divisions are triggering new conflicts and making old ones even more difficult to resolve. People everywhere are getting hit from every direction – battered by runaway climate change and squeezed by a cost-of-living crisis. Our world is facing the most pivotal, precarious moment in generations.
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