Group of 20 leaders agreed to support green growth policies and pledged to “spare no effort” to reach a balanced and successful outcome in the upcoming U.N. climate change in Mexico.

The summit in Seoul showed some progress on climate change and energy resources problems.

The leaders agreed to continue promoting sustainable, green growth by lowering the amount of their countries’ greenhouse gas emissions to confront climate change.

“We are committed to support country-led green growth policies that promote environmentally sustainable global growth along with employment creation while ensuring energy access for the poor,” the statement said.

They said the world needed to boost cooperation to maximize the outcome of the upcoming United Nations Framework on Climate Change which will be held in Cancun, Mexico later this month.

“Addressing the threat of global climate change is an urgent priority for all nations,” the G20 statement said.

“We reiterate our commitment to take strong and action-oriented measures and remain fully dedicated to U.N. climate change negotiations.”

A total of 194 countries are expected to attend the meeting to forge a new climate arrangement to replace the Kyoto Protocol, which expires in 2012.

Last December’s meeting in Copenhagen ended in failure due to differences among rich and developing countries.

The leaders also decided to monitor and assess progress toward the commitment of reducing fossil fuel subsidies and promote energy and resources market transparency and stability.

“We recognize the importance of a well-functioning and transparent market in oil for world economic growth,” the statement said.

The group meanwhile also showed their dedication to bridging the gap between advanced and developing economies.

Members promised to reinforce their efforts to meet the U.N. Millennium Development Goals by 2015 through development aid, as well supporting the scale up of agriculture assistance in several developing countries.

In the communique, the group agreed to “ enhance food security policy coherence and coordination and increase agricultural productivity and food availability.”
(The Korea Herald) Last December’s meeting in Copenhagen ended in failure due to differences among rich and developing countries.

The leaders also decided to monitor and assess progress toward the commitment of reducing fossil fuel subsidies and promote energy and resources market transparency and stability.

“We recognize the importance of a well-functioning and transparent market in oil for world economic growth,” the statement said.

The group meanwhile also showed their dedication to bridging the gap between advanced and developing economies.

Members promised to reinforce their efforts to meet the U.N. Millennium Development Goals by 2015 through development aid, as well supporting the scale up of agriculture assistance in several developing countries.

In the communique, the group agreed to “ enhance food security policy coherence and coordination and increase agricultural productivity and food availability.”
(The Korea Herald)