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The G20 held in Pittsburgh on September 24-25 th 2009 i.e,the great summit on the economy of the most industrialized countries in the world,has highlighted the conviction that it is necessary to establish a new world order to reverse the present economic downturn.
This implies rethinking energy politics as well as considering that industrial development and use of renewable sources start to weigh on the International Economy.
The leaders of the 20 largest economies in the world have recognized the urgent necessity to reach an agreement during the next G20 on climate change in Copenhagen. The agreement should point the world towards a green economy model in order to face the devastating impact of climate changes.

The industrialized Countries must commit themselves to sustain the Developing Countries to face climate changes and to invest more on renewable energy. The G20 leaders have not taken any specific decision on green economy;they only required theFinance Ministers to continue their own job and to introduce a range of alternatives during their November meeting in Scotland, which could be further considered during the negotiationsin Copenhagen.
There have been encouraging political signals both from the Industrialized and Developing Countries but time is short and concrete measures should be taken quickly. The rich Countries, and particularly the United States,Europe and Japan, cannot use developing economies as an excuse anymore. Instead they must grant funds suitable to reach a global accord in Copenhagen." The meeting in Pittsburgh has failed to to reach this goal" Maria Grazia Medulla said. She is responsible for Climate and Energy for the WWF Italy.
Progress has been made as regards the gradual elimination of benefits to fossil fuels usage. In fact a declaration given before the end of the Summit states that an accord has been reached on the progressive elimination of subsidies granted in the field of fossil fuels in countries such as Russia and India. However, no precise deadlines have been set, nor definite actions taken yet. The G20 political leaders have put off any decisions to the next summit.
The elimination of the benefits to fossil fuels means that hundreds of millions of dollars can potentially be used for the development of clean energies and that these could bemadeaccessible also to poor Countries.
"If taken seriously, the elimination of the benefits or fossil fuel usages can be a major opportunity to removeincentives encouraging oil pollution and to employ money on the development of clean energies both in the Industrialized and in developing Countries" Mariagrazia Midulla said.
Japan has announced a cut on emissions by 25% by 2020. China has announced ambitious commitments to reduce emissions. Now the world looks at the America of President Obama. Unlike his predecessor George Bush,The new President recognizes human impact on climate change but will he meet the commitments he has taken?
Negotiations on climate change will begin on Monday 28 September when negotiators from 192 Countries meet in Bangkok. |