Leaders of the world's 20 richest nations on Sunday reiterated their commitment to the 2015 Paris Agreement’s goal of limiting the global average temperature to 1.5°C above pre-industrial levels.
According to a communique after the summit of G20 leaders in Rome hosted by term president Italy, the leaders agreed that the "impacts of climate change at 1.5°C are much lower than at 2°C."
"Keeping 1.5°C within reach will require meaningful and effective actions and commitment by all countries," it said, adding they look forward to a successful 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland this week.
Although global economic activity has been "recovering at a solid pace, thanks to the roll-out of [coronavirus] vaccines and continued policy support," the recovery is "exposed to downside risks" due to new COVID-19 variants and uneven vaccination paces, it added.
"We remain vigilant to the global challenges that are impacting on our economies, such as disruptions in supply chains. We will work together to monitor and address these issues as our economies recover and to support the stability of the global economy," it added.