Office of the Press Secretary
For Immediate Release
June 27, 2010
The G-20 Summit in Toronto: Acting on Our Global Energy and Climate Change Challenges
At the Pittsburgh Summit, the G-20 Leaders committed to rationalizing and phasing out inefficient fossil fuel subsidies over the medium term. Since Pittsburgh, the G-20 countries have focused on the following activities:
At Toronto, the G-20 Leaders welcomed the work to date of the Finance and Energy Ministers to fulfill the Pittsburgh fossil fuel subsidies pledge, and encouraged continued and full implementation of country-specific strategies. The G-20 also committed to review progress towards this pledge at upcoming Leaders Summits.
The G-20 Leaders who have associated with the Copenhagen Accord reaffirmed their commitment to implementation of the Accord, and are working with countries around the world to carry out the Accord’s provisions on cutting emissions, promoting clean technologies, mobilizing financing, and ensuring the transparency of national efforts. The G-20 countries are scaling up their domestic efforts to reduce emissions, and working to mobilize financing internationally so that developing countries can better adapt to climate change and invest in clean energy technologies.