By: Jalenn Turre, Marketing, Business & Social Media Strategist
The G20 Leaders were successful in putting “Climate Change” as among the Agenda at G20 Summit, that was held in Brisbane, Queensland, Australia. Brisbane is the capital of Australian state of Queensland; the most populous city in the state of Queensland, and the third most populous city in Australia.
“Here in the Asia Pacific nobody has more at stake when it comes to thinking about and then acting on climate change,” Obama said. “Here in Australia it means longer droughts, more wildfires.”
“Tony Abbott told G20 leaders’ discussion on energy he was “standing up for coal” as the Queensland government prepares to unveil new infrastructure spending to help the development of Australia’s largest coal mine.” – source: theguardian.com
The Green Climate Fund aims to assist poor nations combat climate change and relies primarily on funding from governments and private firms in industrialized countries. US president Barack Obama announced the US would devote $US3 billion to the fund, before he made a rallying call on Saturday for global action to curb greenhouse gas emissions.
Japan pledged it would contribute $US1.5 billion to the climate fund on Sunday, taking the total commitment of nations so far to about $US8 billion. The fund wants to raise $US10-15 billion by the end of the month. – source: Sydney Morning Herald
The communique stressed the importance of improving energy efficiency, re-affirmed the group’s commitment to phasing out inefficient fossil fuel subsidies, and said that gas was an increasingly important energy source. (source: bloomberg.com