Climate change top of the agenda at G20 summit

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Following the recent G20 summit held in Antalya, Turkey, the Business Green website reported on one of the key issues that was discussed by global political leaders: climate change.
 
Proclaiming that climate change continues to be "one of the greatest challenges of our time," the G20 group reaffirmed its commitment to delivering a "fair, balanced, ambitious, durable and dynamic" Paris Agreement for reducing greenhouse gas emissions across the globe.
The communique text published at the end of the two-day summit features an in-depth section underlining the leaders' goals of boosting sustainable development and tackling the ongoing issue of climate change.
 
One such measure includes backing the UN's recent Sustainable Development Goals (SDGs). The G20 also supported plans to enhance food security, and pledged its long-term commitment to "rationalise and phase-out inefficient fossil fuel subsidies that encourage wasteful consumption."
 
According to the text, the leaders "recognise that actions on energy, including improving energy efficiency, increasing investments in clean energy technologies and supporting related research and development activities" will be crucial for dealing with climate change and its negative impact.
 
The group also reaffirmed its backing of the Paris Summit and the UN's aim of settling an agreement to keep global temperature rises below 2C. In addition to this, leaders stated that they were prepared to action their national climate change plans (INDCs), which have already been submitted to the UN.
 
During the meeting, UN Secretary General Ban Ki-moon urged world leaders to get directly involved in adhering to the Paris Agreement, telling them: "There is no time left."
 
He also stressed the economic benefits of the ambitious new agreement, stating that: "The private sector needs a clear signal that the low-carbon transformation of the global economy is inevitable, beneficial and already under way."
 
If upcoming investments in new infrastructure are directed towards low-carbon technologies and services, he furthered, we will be headed towards "a more sustainable, equitable and climate-resilient world." On the other hand, if investments continue to be made in fossil fuels and dirty energy, "the consequences for all countries will be dire," he warned.
 
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