The two-day G-20 summit that took place in Germany’s Hamburg city ended with the leaders proposing the Hamburg Action Plan to address major global challenges, including climate change, harnessing digitalisation, and to contribute to prosperity and well-being.

Significance of this move?

• The leaders pledged to progress towards their joint objective in the G20, which is strong, sustainable, balanced and inclusive growth.

• They resolved to tackle common challenges to the global community, including terrorism, displacement, poverty, hunger and health threats, job creation, climate change, energy security, and inequality including gender inequality, as a basis for sustainable development and stability.

• In order to improving sustainable livelihoods, the G-20 leaders collectively committed to mitigate greenhouse gas emissions through, among others, increased innovation on sustainable and clean energies and energy efficiency, and work towards low greenhouse-gas emission energy systems.

• The Leaders of the other G-20 members also agreed that the Paris Agreement is irreversible reiterated the importance of fulfilling the UNFCCC commitment by developed countries in providing means of implementation including financial resources to assist developing countries with respect to both mitigation and adaptation actions in line with Paris outcomes.

• The leaders stressed on the importance of harnessing the benefits of globalisation, reaffirm the importance of transparency for predictable and mutually beneficial trade relations, harness digitalisation to achieve the goals of the 2030 Agenda for Sustainable Development.

• The leaders underlined to boost employment by improving sustainable global supply chains, which have been recognised as an important source of job creation and balanced economic growth.

• The leaders resolved to make a resilient global financial system in agreed international standards, to support sustainable growth.

• The G-20 leaders also called for safeguarding against health crises and strengthening health systems. The leaders called on the United Nations to keep global health high on the political agenda and strive for cooperative action to strengthen health systems worldwide, including through developing the health workforce.

• The leaders also stressed on combatting Anti-Microbial Resistance (AMR), which is a growing threat to public health and economic growth.

Source:TH