SHERPA TRACK

Task Force for the Global Mobilization against Climate Change

The Task Force for the Global Mobilization Against Climate Change will promote a high-level dialogue among governments, financial institutions, and international organisms to enhance global macroeconomic and financial alignment to implement the goals of the United Nations Framework Convention on Climate Change and the Paris Agreement.

About the Task Force

The Brazilian presidency of the G20 is creating the task force that will have its inaugural meetings throughout 2024. The goal is to consolidate the outcomes of the other working groups and to articulate coordinated responses of the G20 Sherpa Track and Financial Track related to the challenges of climate change. It will also convey the commitment of the member-states to restore trust in the international capacity to respond to the climate emergency. 

The task force will organize debates to facilitate the exchange of experiences and the identification of converging elements for the formulation and implementation of comprehensive plans targeting economic and sustainable transformation. 

The task force will also organize a panel with notable economists who will examine the national platforms and the existing public policy frameworks for ecological transformation and present a report with recommendations on this issue.

Finally, the Task Force will promote an ample debate about the alignment of the financial sector to the long-term goals of the Paris Agreement, with the participation of governments, financial regulators, commercial and development banks, international financial institutions, institutional investors, and other financial actors. The objective is to outline collaborative strategies based on the previous work of the groups of the financial track, including regulatory approaches and voluntary commitments to accellerate the mobilization of resources for sustainable development and for combating climate change.