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G-20 Divisions Over War, Oil Laid Bare in Days-Late Statement - Bloomberg

Bloomberg · Eric Martin · last updated

Finance ministers and central bankers from the world’s biggest economies were divided on a variety of issues, including Russia’s war in Ukraine and ways to deal with climate change, according to a Group of 20 statement released three days later than usual due to those tensions.

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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