G20 issues communique after Bali summit
Reacting to the outcome of the G20 heads of government meeting in Bali, Indonesia, IIED executive director Tom Mitchell said:
“Despite the G20’s pledge to keep global warming to 1.5°C, their response to the urgent challenge of climate change has been lacklustre.
“While we welcome the announcement of finance to help Indonesia transition from fossil fuels to renewable energy, it’s not clear how much that will benefit the country’s poorest and most vulnerable. And we are not seeing the same kind of systematic support for poorer countries with oil and gas deposits that would incentivise them to keep their fossil fuels in the ground.
“The prospect of sinking further into debt to cope with the impacts of climate change is a sad reality for so many countries. Not only are the G20 nations behind three-quarters of greenhouse gas emissions, they are also the countries with the biggest budgets.
"It behoves them to make sure climate justice is done by honouring their existing funding commitments and providing the finance needed, as grants rather than loans, for millions of the poorest and most vulnerable people to adapt to the impacts of climate change and cope with resulting losses and damage."