AGI – The centrality of sustainable growth for Italy re-emerges from the G20 in Venice. To highlight this, after the international climate conference that closed the financial G20 in Venice, are the Ministry of Economy and the Bank of Italy. “The Conference made a significant contribution to the debate on the policies needed for decarbonisation and on the role of financial markets in managing the risks and opportunities of the transition. These themes also animated the G20 meetings in Venice, confirming the centrality of the pursuit of sustainable growth within the agenda of the Italian Presidency “, explains the text.
The event was attended by representatives of the G20 countries and of the main international financial institutions and the private sector: among them the Director of the International Monetary Fund Kristalina Georgieva, the President of the World Bank David Malpass, the President of the Financial Stability Board Randall Quarles, Mark Carney , COP26 special envoy for finance.
The proceedings were opened by the Nobel Prize for Economics William Nordhaus who highlighted the shortcomings in the action to combat climate change undertaken so far and the need for more effective policies and binding agreements. The need for an orderly transition to safeguard financial stability and long-term growth was also at the center of the work, protecting the sectors and workers most affected by the transition and facilitating the inflow of resources to the least developed countries.