G20 set to back climate goals, global trade in message to Donald Trump

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G20 set to back climate goals, global trade in message to Donald Trump - Business Standard

Quick Summary:

G-20 nations will reiterate their pledge to achieve net-zero targets by or around mid-century and “to conclude by the end of 2024 the negotiations of an ambitious, fair and transparent international legally binding instrument on plastic pollution,” the draft communique says.

Leaders of the world’s biggest economies will reaffirm “a strong commitment to multilateralism, especially in the light of the progress made under the Paris Agreement” and resolve to “stay united in the pursuit of the accord’s goals,” according to an early draft statement seen by Bloomberg News.

Similarly, the G-20 nations will “emphasise the need to ensure a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with the WTO at its core,” says the draft communique.