For the first time in history, Italy has assumed the Presidency of the G20.
The Italian Presidency of the G20 effectively summarizes global challenges for the multilateral framework in 2021 in “People, Planet, Prosperity”, the topics at the core of the T20 Inception Conference held virtually on February 8 and 9. Created in 2012, Think20 (T20) is the official engagement group of the G20, bringing together leading think tanks and research centers worldwide. It serves as the ‘ideas bank’ of the G20 and aims to provide research-based policy recommendations to the G20 leaders. As Giampiero Massolo stated, “T20 offers ideas, materials, and topics for reflection”.
The II Session about the Planet saw the participation of Alicia Bárcena, who assumed office as the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) in 2008, Fahad Alturki, Vice President of Research at King Abdullah Petroleum Studies and Research Center (KAPSARC), Camilla Bausch, Spokesperson for the Ecological Research Network and whose main fields of research are environmental, climate and energy policy, and Jeffrey Sachs, who served as the Director of the Earth Institute at Columbia University from 2002 to 2016. In Alice Bárcena’s opinion, the crucial priorities to achieve low carbon emissions and the following carbon neutrality is the renewable energy transition, but also to implement the circular economy in all sectors, the whole electromobility for all urban transports, and sustainable tourism.
Fahad Alturki highlighted that the circular carbon economy has been proposed into the next Saudi Arabia’s energy strategy. Then, Camilla Bausch affirmed that we must use the lesson learned from the pandemic for building a better and greener future for the next generations. On his side, Jeffrey Sachs underlined the halt to the loss of biodiversity, to make new plans and policies for all the governments, and that the most sustainable countries are the happiest ones.
According to the experts, climate change is an energy challenge and this vision can transform this challenge into an opportunity, promoting a transition to more inclusive, efficient and competitive economic systems. The pandemic must become an opportunity to rethink our society and focus on new priorities such as health care, well-being, environmental protection and digital connectivity.