G-20 Must Focus on Climate Change, Group Says
World leaders meeting in Pittsburgh today are tackling banker pay, financial trading and trade imbalances.
That’s not enough, according to the Center for American Progress, the liberal think tank with close ties to the Obama administration.
The center released an essay by John Podesta, its founder and the Clinton administration chief of staff, and the Indian scholar Rajendra Pachauri urging officials to focus on climate change.
“The world’s leading economic powers remain inactive in preventing an increase in the serious impacts of climate change,” they wrote.
One notable thing about the G-20 meeting is the insistence by the Obama administration and others that the group – larger than the G-8 – remain the central forum for global economic policymaking. That brings in developing as well as developed countries.
But Podesta and Pachauri write that when it comes to climate change, the biggest difference is between these two groups.
“The greatest divide that remains, however, is between developed and developing countries,” they write. “While it is true that developed countries carry the burden of historical responsibility, and must prove to be the first movers in mitigation, developing countries will become bigger emitters in the future; this intractable dynamic is proving unconstructive.”
Read the whole essay.
-- Zachary A. Goldfarb
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