Climate finance among topics of growth-focused G20 in China – official
The leaders of the leading industrialised and emerging economies will discuss ways to funnel capital into financing climate measures at the G20 summit in Hangzhou, China, on Sept. 4 and 5, a German government official said on Tuesday. The Chinese presidency had put global growth at the top of the agenda, with other individual working sessions on trade, development and financial regulation issues. In the working meeting about financial markets the question of how to channel the capital available globally into green finance would be discussed. “This is the only way to ultimately manage the climate turnaround economically,” the official said. The question of how to take forward the agreement reached at the climate summit COP21 in Paris at the G20 level was part of one of the five sessions, also touching on topics such as health. Germany would also lay out its priorities for its 2017 presidency at the end of the meeting, the official said.