The G20 has a pivotal role to play in support of the development of a more sustainable economy. This entails sustainable green growth powered by clean technologies and respect for nature’s biodiversity.
Already some international efforts are underway. The World Bank, in partnership with organizations including UNEP, will be assisting developing countries with national, green accounts. But there are still major obstacles that need to be overcome, not the least of which is subsidies for the oil industries and certain fisheries. Subsidies use tax dollars that cause global warming and depletion of dwindling fish stocks.
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