Source (pdf)

1. We are One Earth, One Family, and we share One Future.
3. G20 cooperation is essential in determining the course the world takes.
5. We commit to :
a. Accelerate strong, sustainable, balanced and inclusive growth. [words are cheap]
b.&c.&d.&f.&g. [other non-binding environmental promises]
e. Promote resilient growth by urgently and effectively addressing debt vulnerabilities in developing countries.
h. Pursue reforms for better, bigger and more effective Multilateral Development Banks
j. Promote sustainable, quality, healthy, safe, and gainful employment.
k. Close gender gaps
l. Strengthen the voice of developing countries in global decision making.

14. Today’s era must not be of war.
15. We will protect the vulnerable, through promoting equitable growth and enhancing macroeconomic and financial stability.
16. We reiterate the need for well-calibrated monetary, fiscal, financial, and structural policies, to promote growth, reduce inequalities, and maintain macroeconomic and financial stability. (…) We will prioritise temporary and targeted fiscal measures to protect the poor and the most vulnerable, while maintaining medium-term fiscal sustainability. We recognise the importance of supply-side policies, especially policies that increase labour supply and enhance productivity, to boost growth and alleviate price pressures. [supply-side policies are often another way of saying “tax cuts and reduced regulation”, don’t know why this should be a universal commitment, to each country its own model]
17. We recognise the critical role of private enterprise in accelerating growth and driving sustainable economic transformations. To this end, we[“we”?] resolve to work with private sector to :
i. Create inclusive, sustainable, and resilient global value chains, and support developing countries to move up the value chain.[lies]
ii. Facilitate investments, including Foreign Direct Investments towards sustainable business models.
iii. Devise pipelines of investible projects in developing countries, by leveraging expertise of Multilateral Development Banks to mobilise investments.
iv. Promote the ease and reduce the cost of doing business.
18. We recognise that start-ups and Micro, Small, and Medium Enterprises, are natural engines of growth(…) by driving innovation and creating employment. We welcome the establishment of the Start-up 20 Engagement Group during India’s G20 Presidency
19. We reaffirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable[liars!], sustainable, and transparent multilateral trading system, with the WTO at its core, is indispensable. We will support policies that enable trade and investment to serve as an engine of growth and prosperity for all. Today, we :
i. Renew our commitment to ensure a level-playing field and fair competition by discouraging protectionism and market distorting practices[hypocrites!], to foster a favourable trade and investment environment for all. We reiterate the need to pursue WTO reform to improve all its functions through an inclusive member-driven process, and remain committed to conducting discussions with a view to having a fully and well­-functioning dispute settlement system accessible to all members by 2024.
v. Ensure that trade and environment policies should be mutually supportive[more obvious lies], consistent with WTO and multilateral environmental agreements.
vi. Recognize the importance of WTO’s ‘Aid for Trade’ initiative to enable developing countries, notably Least Developed Countries, to effectively participate in global trade, including through enhanced local value creation.

20. We commit to addressing skill gaps, promoting decent work, and ensuring inclusive social protection policies for all. Towards this aim, we :
ii. Commit to effectively addressing global skills for sustainable and inclusive economic development.
v. Aim to achieve sustainably financed universal social protection coverage[, big if true(, but just another lie)]
ix. Will increase our efforts for the elimination of child labour and forced labour along global value chains.

24.ii. We call upon developed countries to fully deliver on their respective Official Development Assistance commitments, in a timely manner, and contribute to addressing the financing needs of developing countries.
26.v. Commit to facilitate open, fair, predictable, and rules-based agriculture, food and fertilizer trade, not impose export prohibitions or restrictions and reduce market distortions, in accordance with relevant WTO rules. [While still banning russian grain(, and accusing them at the same time of being responsible for the food crisis), or subsidising american agriculture at the expense of the local agriculture of countries from the global South]
28. We remain committed to achieve Universal Health Coverage
30.v. Reaffirm our commitment to promote open, equitable and secure scientific collaboration [improbable with private enterprises]
37. We acknowledge the critical role played by circular economy, extended producer responsibility, and resource efficiency, in achieving sustainable development. We thank the Indian presidency in launching the Resource Efficiency and Circular Economy Industry Coalition.
38.v. [We ]will pursue and encourage efforts to triple renewable energy capacity globally (…) by 2030
39. We reiterate the importance of a policy mix consisting of fiscal, market and regulatory mechanisms, including, as appropriate, the use of carbon pricing[, currently 80€/tCO2e in the e.u.]

41. We recognise the need to rapidly and substantially scale up investment and climate finance from billions to trillions of dollars globally. We :
i. Note the need of USD 5.8–5.9 trillion in the pre-2030 period required for developing countries
ii. We recall and reaffirm the commitment made in 2010 by the developed countries to the goal of mobilizing jointly USD 100 billion climate finance per year by 2020, and annually through 2025. Developed country contributors expect this goal to be met for the first time in 2023.
v. Recalling para 18 of the Glasgow Climate Pact, we urge the developed countries to fulfil their commitment to at least double their collective provision of adaptation finance from 2019 levels by 2025

42. We commit to restoring by 2030 at least 30% of all degraded ecosystems. [And i’m Marie-Antoinette’s sister]
ii. [We ]support the G20 ambition to reduce land degradation by 50% by 2040
iii. We will scale up efforts to protect, conserve and sustainably manage forests and combat deforestation, in line with internationally agreed timelines

43. We commit to conserving, protecting, restoring and sustainably using the world’s ocean, marine ecosystems.
44. We are determined to end plastic pollution.
47. A more inclusive and reinvigorated multilateralism and reform aimed at implementing the 2030 agenda is essential. [sure m8]
48. The 21st century also requires an international development finance system. (…) Stronger Multinational Development Banks will be important to our efforts to mobilize financing from all sources for a quantum[politicians] jump from billions to trillions of dollars for development. We underscore the need for enhancing representation and voice of developing countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions. The international finance system must deliver significantly more financing to help developing countries and Emerging Market Economies to fight poverty, tackle global challenges and maximise development impact. [Guess what ? Nothing will change and they’ll be entrapted by debts, f*ck this egoistical world]
52. Recognizing the imperative of achieving the Sustainable Development Goals, we will collectively mobilize more headroom and concessional finance to boost the World Bank’s capacity to support low and middle-income countries.
53. We reiterate our commitment to a strong, quota-based, and adequately resourced IMF at the centre of the global financial safety net. We remain committed to revisiting the adequacy of quotas and will continue the process of IMF governance reform, by December 15, 2023. [the pseudo-multilateral i.m.f. is very clearly a betrayal of its co-funder Keynes’ ideas]
54. We re-emphasise the importance of addressing debt vulnerabilities in low and middle­ income countries
62. We reaffirm our commitment to continue cooperation towards a globally fair, sustainable and modern international tax system. We recognise the need for coordinated efforts towards capacity building to implement the two-pillar international tax package effectively and, in particular, welcome a plan for additional support and technical assistance for developing countries.
[These two pillars are : 1) profits from companies that make sales in a country, even without physical presence, can be taxed by that country(, see MultiLateral Convention, before the end of the year) ; 2) global taxation(, see Subject To Tax Rule, at the end of the year)]
73. We strongly condemn all terrorist acts against critical infrastructure, including critical energy facilities, and against other vulnerable targets. All acts of terrorism are criminal and unjustifiable, regardless of their motivation, wherever, whenever and by whomsoever committed. [It’d be hard to make a statement more hypocritical than this one]
76. We welcome the African Union as a permanent member of the G20. We also reiterate strong support to Africa, including through the (…) G20 Initiative on supporting industrialization in Africa.
77. We reaffirm our commitment to support migrants, including migrant workers and refugees in our efforts towards a more inclusive world, in line with national policies, legislations and circumstances[🙄]. We also recognize the importance of preventing irregular migration flows and the smuggling of migrants (…) while responding to humanitarian needs and the root causes[lies] of displacement.
81. We welcome Saudi Arabia’s ambition to advance its turn for hosting the G20 Presidency in the next cycle.

There’re also 116 documents, annexed to this declaration, on the topics previously covered.

In conclusion(, perhaps with the exclusion of ecological measures), we, political representatives, are f*cking liars(, because words are f*cking cheap), these promises were already made decades ago but nothing changed.

  • Black AOC
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    1 year ago

    Honestly, the Nairobi Declaration is a more hope-instilling read. I don’t rly trust anything the G20 has to say, even with Russia and China’s presence at that table. Put it this way: how many times have the G20 member states completely flouted their climate responsibilities to keep kicking that can down the road? 2C might as well be locked in by now.