g20

Il G20 straordinario sull’Afghanistan, voluto dall’Italia, dà mandato alle Nazioni Unite per coordinare la risposta e gli aiuti e scongiurare il collasso dell’economia del paese.

Under the Italian G20 Presidency, as the T20 National Coordinator and Chair, ISPI co-hosted the T20 Summit (4-6 October) with Bocconi University (T20 Summit Co-Chair). During the Summit, the final communiqué - with its its policy recommendations for the G20 Leaders - was handed over the Italian Presidency. 

Despite the pandemic-related difficulties, over 800 people attended the Summit in person and more than 16.000 virtually, while the T20-related videos had more than 1 million views.  

Did you miss the events? Catch up with our highlights! 

Il Summit B20 ha portato all’attenzione del G20 le prospettive delle imprese per l’economia globale. Il motto “Reshape the Future; Include, Share, Act”.

Emergenza climatica e crescita sostenibile sono le sfide in vista del G20 italiano e della Cop26: se ne è discusso nella prima giornata di lavori del Think20 Summit promosso da ISPI e Bocconi.

La Russia è un membro del G20 sin dalla sua fondazione, nel 1999, quando il forum riuniva solo i ministri delle Finanze e i rappresentanti delle banche centrali. Quello dei Venti è un club diplomatico molto importante per Mosca. Dal 2014, infatti, la Russia è stata esclusa dal G8 in seguito all’annessione della Crimea ai danni dell’Ucraina, per cui il G20 resta di fatto l’unico forum di alto livello internazionale dove Mosca può far valere i propri interessi di politica estera, oltre che economica e monetaria.

The Think20 (T20) is the official engagement group of the G20, bringing together leading think tanks and research centers worldwide. It serves as the ‘ideas bank’ of the G20 and aims to provide research-based policy recommendations to the G20 leaders.

The T20 Italy strives to be inclusive, digital and policy-oriented in order to better engage the research community, policy-makers and the public at large in the context of the year-long Italian presidency of the G20.

Finally, the UN climate summit (COP26) is approaching! In November, the world will meet again in Glasgow. But hold on… Wasn’t COP26 supposed to take place in 2020? Correct! Despite the urgency to achieve progress regarding the climate crisis, the conference had to be postponed due to the even more immediate threat of the crisis caused by the coronavirus.

Climate change represents a rapidly emerging challenge for central banks, particularly in developing economies. Central banks have tools to increase the economy’s resilience, enable reallocation of resources to reduce costs and grasp opportunities, and smooth the transition to a low carbon economy. Specific measures, such as changes to selected macroprudential rules, merit consideration. The climate challenge also highlights two traditional mandates. First, price and financial stability support investment and long-term price discovery, both crucial to climate response.

The lack of international cooperation and agreement surrounding GHG emissions impedes energy transition pathways, including the Circular Carbon Economy (CCE) approach endorsed by the 2020 G20 Summit to advance hard-to-abate sectors towards carbon neutrality. This Policy Brief recommends that the G20 support the development of and adherence to consistent measuring, reporting, and certifying of emissions by industries, along with energy usage.

The COVID-19 pandemic has added urgency to addressing Energy Poverty challenges. Local energy initiatives can support local employment, while bringing benefits to vulnerable consumers. In more developed countries, energy communities can deliver the energy transition at citizen level. For rural areas lacking access to electricity, it appears essential to encourage the role of private investors in micro-grid development to accommodate the basic and future energy needs of developing countries.

G20 countries should make a renewed commitment towards providing stronger incentives for investment in low-carbon technologies, including through carbon pricing, but also via a more rapid phasing out of fossil fuel subsidies. To help redirect finance towards green investment G20 countries should work on the establishment of common international standards for consistent and comparable public disclosure as well as supervisory and regulatory reporting.

Improvements in energy efficiency (EE) can deliver a “double dividend” by reducing emissions and helping to protect the environment. Yet, constraints such as limited access to finance and inadequate policy tools and instruments have placed serious limitations on the promotion of EE improvements. In this policy paper, we first highlight the key policy challenges surrounding the promotion of EE financing in support of green innovation and economic growth.