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Classified in: Environment, Covid-19 virus
Subjects: ENI, ENP, CFG, ESG

Prime Minister concludes successful G20 Leaders' Summit in Italy

ROME, Oct. 31, 2021 /CNW/ - The Prime Minister, Justin Trudeau, today concluded his participation at the G20 Leaders' Summit in Rome, Italy, with a focus on the urgent priorities of protecting the environment and fighting climate change and biodiversity loss.

Prime Minister Trudeau emphasized the importance of G20 leadership in building and sustaining climate action, including fully implementing the Paris Agreement, promoting clean growth, and moving forward on net-zero emissions goals. He also reiterated Canada's support for ongoing efforts under the United Nations (UN) Conference on Biological Diversity, toward the target of 30 per cent global land and marine conservation by 2030.

Climate change affects us all, and we must ensure all countries are equipped to help build a cleaner and more resilient future for everyone. That is why, in June, Canada doubled its international climate finance commitment from the $2.65 billion announced in 2015 to $5.3 billion over the next five years, including increased support for adaptation, as well as nature-based solutions, and confirmed its support for the transition to clean energy and the phasing-out of coal worldwide. Earlier this week, Canada and Germany published a delivery plan to demonstrate the path to mobilizing US$100 billion in annual climate financing, helping to provide transparency on this key commitment in the lead up to the upcoming UN Climate Change Conference of the Parties in Glasgow.

The Prime Minister also addressed a G20 side event on the critical role of the private sector, and of public-private partnerships, in the global fight against climate change. During the event, he highlighted Canada's support for international climate finance as critical to helping developing countries address climate change, and underscored the central role that the private sector has to play in meeting climate finance goals. To date, Canada's support for climate action in developing countries has helped them move toward a cleaner future, and contributed to cutting global pollution ? the equivalent of removing about 47 million cars from the roads for one year. They have also helped at least 5.9 million people adapt to the effects of climate change, and mobilized significant contributions from the private sector.  

During the Summit, the Prime Minister took part in discussions with G20 leaders on sustainable development in the context of recovery from the COVID-19 pandemic. He reiterated the need for collective G20 action and leadership in working toward the Sustainable Development Goals (SDGs), and emphasized that this work should prioritize gender equality and the protection of the most vulnerable. He also highlighted the importance of investments in quality infrastructure for sustainable and inclusive development.

Through the Financing for Development in the Era of COVID-19 and Beyond Initiative, Canada has helped to bring leaders together to develop practical policy approaches to help achieve the SDGs while responding to the impacts of the pandemic. Canada will continue to take a leadership role in development finance, including for gender equality and women's economic empowerment, in financing for COVID-19 vaccines, and in advocacy on behalf of Small Island Developing States.

Later today, the Prime Minister will attend the Global Summit on Supply Chain Resilience, hosted by the United States on the margins of the G20 Leaders' Summit. The smooth and effective operation of supply chains is fundamental to economic prosperity and security in Canada and around the world. The Prime Minister will highlight the importance of multilateral collaboration and a rules-based, predictable trading environment in ensuring supply chain resilience.

"While we aim to finish the fight against COVID-19, we must not lose sight of the existential threat posed by climate change. Canada has worked with our G20 partners to address global challenges, promote our shared values, and create jobs and opportunities for people in our countries. Now, we join together again to call for accelerated action on tackling climate change, so we can build a cleaner, better world for the generations to come."

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

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SOURCE Prime Minister's Office

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