G20 Summit: World leaders express resolve to limit temperature rise to 1.5C

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G20 Summit: World leaders express resolve to limit temperature rise to 1.5C
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Leaders at the Group of 20 meeting in Bali agree to pursue efforts to limit the rise in global temperatures to 1.5C, including speeding up efforts to 'phase down' the unabated use of coal

The declaration also criticised Russia, saying they "deplore in the strongest terms" Russia's offensive against Ukraine.

The declaration said there were "other views and different assessments of the situation and sanctions". Leaders also said their central banks will continue to calibrate the pace of monetary policy tightening while being mindful of the need to limit "cross-country spillovers. "G20 central banks ...are closely monitoring the impact of price pressures on inflation expectations and will continue to appropriately calibrate the pace of monetary policy tightening in a data-dependent and clearly communicated manner," the statement said.

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