G20 countries’ policies make it difficult to attract green investment needed to tackle climate change, report warns
Activists demonstrate in front of the IMF headquarters in Washington on October 13, as they urged rich nations to keep their commitment to help tackle climate change. Photo: AFP
UK and European Union are the most attractive destinations for green investment, while Russia and Saudi Arabia are among the least attractive The G20 countries account for 80 per cent of global greenhouse gas emissions and more than 80 per cent of global GDP
The Group of 20 (G20) leading economies have significant policy hurdles that discourage green investment to tackle the growing climate crisis and around a third of them have yet to commit to net-zero emissions, a study by three major global investor groups found.
Most G20 countries do not have policies in place to attract the urgent investment needed in areas such as zero emissions and climate-resilient transition, according to the