When the gavel went down in the early hours of Sunday morning in Baku and a decision was reached on the new collective quantified goals (NCQG) on climate finance it caused as much relief as disbelief in the room. The European Union (EU), represented by EU climate commissioner Woepke Hoekstra, praised the decision as “a…
By schuetz-mediendesign on Pixabay
International cooperation for sustainable development is crucial for securing life in dignity for current and future generations. In a globalized world like ours, without such cooperation, it is impossible to strengthen individual and societal freedoms for flourishing, to curb climate change and biodiversity loss, reduce inequalities in income and wealth, end armed conflicts and avoid outbursts of violence, strengthen the rule of law and accountable and effective public institutions, and shape digitalisation.
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By Nimrod Oren on Pixabay
Club governance formats such as the G20 and G7 have an important role to play in raising the level of ambition to effectively combat climate change and achieve the Sustainable Development Goals (SDGs). This was the key message that came out of a virtual expert conference organised by the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) in cooperation with the Center for Strategic and International Studies (CSIS), Indonesia, and the Sustainable Development Solutions Network Europe (SDSN Europe). The conference brought together key experts and policy makers from G7 and G20 countries, assessed the outcomes of the G7 Carbis Bay summit and looked ahead not only to the upcoming G20 summit in Rome but also the G7 and G20 presidencies in 2022 chaired by Germany and Indonesia respectively.
Globalisation in the sense of increasing global connectedness has seen difficult times over the last years. The global financial crisis showed the vulnerability of our economic systems and middle classes. Multilateralism was challenged by “my country first” movements, not least so from the US, one of the godmother nations to the post-WWII world order. The other godmother, the UK, turned its back to the EU’s integration project. Furthermore, trade wars increased trade barriers and changed the setting for global production chains. And certainly in 2020, a global pandemic was (and is) most effectively curbed by the limitation of individual movements, often reducing cross-border linkages.
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