Prime Minister concludes profitable G20 Leaders’ Summit in Italy

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The Prime Minister, Justin Trudeau, at the moment concluded his participation on the G20 Leaders’ Summit in Rome, Italy, with a concentrate on the pressing priorities of defending the atmosphere and preventing local weather change and biodiversity loss.

Prime Minister Trudeau emphasised the significance of G20 management in constructing and sustaining local weather motion, together with totally implementing the Paris Settlement, selling clear progress, and transferring ahead on net-zero emissions targets. He additionally reiterated Canada’s help for ongoing efforts beneath the United Nations (UN) Convention on Organic Variety, towards the goal of 30 per cent world land and marine conservation by 2030.

Local weather change impacts us all, and we should guarantee all international locations are geared up to assist construct a cleaner and extra resilient future for everybody. That’s the reason, in June, Canada doubled its worldwide local weather finance dedication from the $2.65 billion introduced in 2015 to $5.3 billion over the following 5 years, together with elevated help for adaptation, in addition to nature-based options, and confirmed its help for the transition to wash power and the phasing-out of coal worldwide. Earlier this week, Canada and Germany printed a supply plan to show the trail to mobilizing US$100 billion in annual local weather financing, serving to to supply transparency on this key dedication within the lead as much as the upcoming UN Local weather Change Convention of the Events in Glasgow.

The Prime Minister additionally addressed a G20 aspect occasion on the vital function of the non-public sector, and of public-private partnerships, within the world struggle towards local weather change. Throughout the occasion, he highlighted Canada’s help for worldwide local weather finance as vital to serving to creating international locations tackle local weather change, and underscored the central function that the non-public sector has to play in assembly local weather finance targets. So far, Canada’s help for local weather motion in creating international locations has helped them transfer towards a cleaner future, and contributed to chopping world air pollution – the equal of eradicating about 47 million automobiles from the roads for one 12 months. They’ve additionally helped a minimum of 5.9 million individuals adapt to the consequences of local weather change, and mobilized vital contributions from the non-public sector.  

Throughout the Summit, the Prime Minister took half in discussions with G20 leaders on sustainable growth within the context of restoration from the COVID-19 pandemic. He reiterated the necessity for collective G20 motion and management in working towards the Sustainable Improvement Targets (SDGs), and emphasised that this work ought to prioritize gender equality and the safety of essentially the most weak. He additionally highlighted the significance of investments in high quality infrastructure for sustainable and inclusive growth.

By the Financing for Improvement within the Period of COVID-19 and Past Initiative, Canada has helped to carry leaders collectively to develop sensible coverage approaches to assist obtain the SDGs whereas responding to the impacts of the pandemic. Canada will proceed to take a management function in growth finance, together with for gender equality and ladies’s financial empowerment, in financing for COVID-19 vaccines, and in advocacy on behalf of Small Island Creating States.

Later at the moment, the Prime Minister will attend the World Summit on Provide Chain Resilience, hosted by america on the margins of the G20 Leaders’ Summit. The graceful and efficient operation of provide chains is key to financial prosperity and safety in Canada and world wide. The Prime Minister will spotlight the significance of multilateral collaboration and a rules-based, predictable buying and selling atmosphere in making certain provide chain resilience.

Quote

“Whereas we intention to complete the struggle towards COVID-19, we should not lose sight of the existential risk posed by local weather change. Canada has labored with our G20 companions to handle world challenges, promote our shared values, and create jobs and alternatives for individuals in our international locations. Now, we be part of collectively once more to name for accelerated motion on tackling local weather change, so we are able to construct a cleaner, higher world for the generations to return.”

The Rt. Hon. Justin Trudeau, Prime Minister of Canada

Fast Information

• Throughout the Summit, Prime Minister Trudeau held bilateral conferences with leaders, together with the Prime Minister of the UK, Boris Johnson, the Prime Minister of Spain, Pedro Sánchez, the President of the European Council, Charles Michel, the President of the European Fee, Ursula von der Leyen, and the President of Argentina, Alberto Fernández.
• On the primary day of the Summit, G20 leaders centered on the continuing response to the COVID-19 pandemic, together with equitable entry to vaccines. Leaders additionally dedicated to supporting a worldwide financial restoration for everybody, and superior their efforts to implement new mechanisms to organize the world for, and enhance our resilience in the direction of, future well being emergencies.
• The G20 contains Argentina, Australia, Brazil, Canada, China, Germany, the European Union, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and america.
• This was the primary in-person assembly of G20 leaders since 2019 and the seventh G20 Summit attended by Prime Minister Trudeau.
• Italy holds the G20 presidency in 2021, and Indonesia will maintain it in 2022.
• Beneath the Paris Settlement to the United Nations Framework Conference on Local weather Change (UNFCCC), international locations agreed to collectively strengthen the worldwide response to local weather change, together with by limiting the worldwide common temperature rise to properly beneath 2°C, whereas additionally pursuing efforts to restrict warming to 1.5°C.
• On the request of the UK, Canada and Germany co-led a supply plan to supply transparency on the trail to delivering US $100 billion per 12 months by way of to 2025 in local weather financing help to creating international locations. In April 2021, at a Leaders Summit on Local weather, the Prime Minister introduced that Canada would improve its goal to cut back greenhouse fuel emissions beneath the Paris Settlement – generally known as a Nationally Decided Contribution (NDC) – by 40-45 per cent beneath 2005 ranges, by 2030. Canada formally submitted its enhanced NDC to the United Nations Framework Conference on Local weather Change in July 2021.

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