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7 Sep 2016

World leaders discuss actions on climate change & tax avoidance at G20 Hanzhou summit, NGOs urge more to be done

At the G20 summit held on 4–5 September 2016 in the Chinese city of Hangzhou, state leaders gathered together to discuss a wide range of issues related to the global economy.

In the G20 Leaders’ Communique issued at the summit closing, the group highlighted its commitment to the Paris Agreement, and "signalled its backing for a wave of green finance reforms designed to mobilise trillions of dollars in low carbon infrastructure and technology investment". G20 leaders also committed to work for a "fair and modern international tax system" by combatting tax avoidance.
[For more information on the impact of tax avoidance on human rights, please click here]

However, campaigners showed disappoints with the group's failure to set fossil fuel subsidy deadline. NGOs (including Oxfam) also expressed concern that the proposed measures may not be adequate in tackling global tax avoidance, and urges more power to be given to developing countries in the decision making alongside the G20.

"G20 vows to scale up green financing in pursuit of 'cleaner energy future and sustainable energy security'", Business Green, 5 Sep 2016
"G20: open up new horizons for development", by John Kirton on CRJ English, 6 Sep 2016
"The G20’s race to green the financial system", Andrew Voysey, China Dialogue, 6 Sep 2016
"G20 needs to do more on inequality, climate and migration", Oxfam International, 5 Sep 2016
"G20 states must take harder carbon line, say NGOs",  EurActiv.com with AFP, 1 Sep 2016

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