Wednesday, May 25, 2022
The Green Market Oracle
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
The Green Market Oracle
No Result
View All Result
Home Other

G20 Must Cooperate for a Sustainable Recovery

by Richard Matthews
June 28, 2010
in Other
0

The cooperation of G20 member states is the key to a sustainable recovery. Although the global financial crisis revealed the interconnectedness of the modern economy, it also underscored the importance of cooperation.

The Toronto G20 meeting was billed as a final checkup to ensure agreements reached in Pittsburgh would be finalized at a November gathering in Korea, where leaders would then plan for a post-crisis world.

“Our highest priority in Toronto must be to safeguard and strengthen the recovery,” President Barack Obama wrote in a letter to his G20 colleagues. “We worked exceptionally hard to restore growth; we cannot let it falter or lose strength now.”

“This crisis proved, and events continue to affirm, that our national economies are inextricably linked,” Obama said. “And just as economic turmoil in one place can quickly spread to another, safeguards in each of our nations can help protect all nations.”

In 2009, despite disagreements between wealthier and developing nations, the financial and climate change crises spurred unprecedented levels of global cooperation.

In 2010, although we are in recovery, a slowdown has been signaled by the Economic Cycle Research Institute’s weekly leading index.

Issues that threaten the recovery include Europe’s debt difficulites, slow US job growth, and an unstable US housing market. With interest rates near zero, the most powerful policy tool remaining is resuming asset purchases, but printing money will cause inflation.

Economic uncertainty is highlighting disagreements between the United States, Europe and China.

Jose Vinals, director of the IMF’s monetary and capital markets department, said G20 unity was one of the biggest positive economic developments in recent years, but disunity would damage the recovery. “It’s fundamental that you keep your house in order, but it’s also fundamental that when the going gets rough, you cooperate,” he said at a conference in Washington.
________________________________

Related Posts
G20 and Central Bank Governors Joint Communique
G20 Disagreements and Global Economic Reforms
Competing National Priorities
Program and Plans for G8 and G20 Summits in Canada
End Fossil Fuel Subsidies
The G20 and the Green Economy
UN Chief Asks G20 to Focus on a Sustainable Recovery
G20 Security Concerns Force Cancellation of Sustainable Supply Chain Event
G20 Protestors Dilute Green Message
The Tyranny of Protest and Climate Change Pragmatism
Local Business Promotes Green Agenda for G20 in Pittsburgh
G20 and Developing World Disagree on Climate Change
G20 Lays the Foundation for a Better World
Global Warming Exposes Resources but Arctic Meeting Leaves Some Out in the Cold
G8’s More Aggressive GHG Targets
IMF Reforms
China Showing Leadership America Must Follow
China-US Cooperation: The Way to Recovery
Global Cooperation Ahead of COP 15
Businesses Must Cooperate for Climate Change Solutions

ShareTweetShare
Previous Post

G20 and Central Bank Governors Joint Communique

Next Post

UN Climate Change Initiatives Post Toronto

Related Posts

Seasons Greetings from the Green Market Oracle

by Richard Matthews
December 24, 2021
0

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Environmental Plebiscites: Municipal Referendums and State Ballot Initiatives

by Richard Matthews
November 12, 2020
0

The November 3rd election not only elected an environmentally responsible president it also gave Americans a chance to vote on environmental issues in five state ballots and two city referendums. Americans ...

Next Post

UN Climate Change Initiatives Post Toronto

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Economics

Defining Sustainable Economic Systems – Development vs Growth

by Richard Matthews
April 20, 2022
0

Prevailing economic systems are not working and it is becoming increasingly clear that we require a paradigm shift to address...

Read more
List of private equity firms and investment funds that focus on on sustainable development goals: Climate action, clean energy, sustainable cities and communities, quality education, innovation and infrastructure, life below water, and life on land.

List of the Top Sustainability Focused Private Equity Firms

March 21, 2022
russia's invasion of ukraine from the perspective of climate and energy

Russia’s War From a Climate Perspective

March 14, 2022
Private Equity Firms Are Paving the Way to a More Sustainable Future

Private Equity Firms Are Paving the Way to a More Sustainable Future 

February 21, 2022
sustainably invested cash money

Top 12 Green Private Equity Firms

February 7, 2022
  • About
  • Climate Change
  • Energy
  • Business and Economics
  • Politics
  • Technology
  • Social Change
  • Events
  • Other

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business and Economics
    • Leadership
    • Supply Chains
  • Economics
  • Energy
    • Fossil Fuels
    • Renewables
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Food
    • Transportation
  • Social Change
    • Education
    • Activism
    • Psychology

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In