Supporting the Global South in Tackling Climate Change: Where is the G20 heading?

Addressing vulnerability and promoting security
Sep 30, 2021 | European Think Tanks Group, Giulia Sofia Sarno

Shortcomings in the climate and development finance systems undermine the capacity of countries in the Global South to tackle climate change. Giulia Sofia Sarno argues in this blog of the European Think Tanks Group that the G20 is giving more relevance to critical climate-related issues, but without concrete measures and adequate financial commitment, the impacts of climate change will continue to intensify. She suggests that the G20 should call on the IMF to strengthen its approach on climate risks. Moreover, the G20 should promote an open review of the IMF Debt Sustainability Analysis (DSA) to drive its evolution towards a debt sustainability concept that includes considerations on climate risks.

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