U20 Summit Calls on G20 Members to Expand in Green Investments, Cities to Recover from COVID-19Source: www.export-egypt.com 10/4/2020, Location: Middle East |
|
|
|
|
|
The Urban 20 (U20) Mayors Summit called on G20 member states to ensure that world governments invest directly in cities as the engines of recovery, given that more than 68 percent of the world’s population is set to live in cities by 2050.
The statement was made during the summit's third round in Riyadh, which concluded with 27 recommendations endorsed by 39 city leaders across the world. The recommendations will be handed over to the G20 Summit officially in its meeting scheduled for 21 and 22 November. As cities seek to recover from the disruption of the COVID-19 pandemic in a sustainable, inclusive way, the U20 recommendations are expected to play a central role in this regard, according to the summit’s final communiqué. The summit’s final communiqué also includes a call for the G20 to commit and respond immediately to the climate emergency by substantially reducing greenhouse gas emissions to deliver the 50 percent global reduction required by 2030 and to reach carbon neutrality no later than 2050. The U20 also called on heads of state to work together to expand investment in the green economy as a way to recover from the COVID-19 crisis The U20 suggested designing green stimulus funding, corporate support, and other recovery funds to support the development of climate-resilient and inclusive societies, in addition to ensuring that this funding reaches the territorial levels and is reflected in lending by international financial institutions. Moreover, U20 cities asked national leaders to cooperate with them to guarantee access to vaccines for COVID-19 without discrimination of any kind. Additionally, U20 cities called on the G20 leaders to strengthen the role and active participation of cities in the local implementation of international biodiversity and climate and sustainability goals, including investing in nature-based solutions and including cities in the post 2020 Global Biodiversity Framework (GBF). The recommendations also included a call for the G20 to help countries to foster the circular economy and the implementation of the 4Rs (reduce, reuse, recycle, and recover). U20 started in 2018 under the leadership of the mayors of Buenos Aires and Paris, and was convened by the Cities Climate Leadership Group in collaboration with United Cities and Local Governments. U20 seeks to develop a joint position and collective messages to inform and enrich the discussions of national leaders at the G20 summit through unique urban perspectives. |
|
|
Financials and Investment News in Saudi Arabia >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Saudi Arabia Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | |
