The G20 is the most important international forum bringing together the 20 major economies of the world accounting for more than 80% of global GDP, including Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India, Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the United Kingdom, the United States, and the European Union. Likewise, the G7 group involves the world‘s seven largest so-called advanced economies. The G7 has a vital role in maximising the opportunities to solve the climate crisis and is considered a “subgroup” of the G20 countries. As neither the G20 nor the G7 have a permanent secretariat, the rotating presidencies are establishing the annual agenda and respective activities every year. Throughout the year, ministerial meetings, Sherpa meetings and special events are organised in the context of the annual G20 summit.
Every year, leaders of the 19 largest economies and the European Union come together at the G20 summit to primarily discuss matters of financial stability, while also addressing present challenges such as climate change and sustainable development. By gathering emerging economies and industrialised countries the G20 is well placed to factor in different perspectives and to consider the Sustainable Development Goals and the Paris Climate Agreement as the basis for the design of any future frameworks.
In 2022, the Federal Government of Germany set the following policy priorities for its G7 Presidency under the headline “Progress towards an equitable world”: strong partnerships for sustainability, economic stability and transformation, health and sustainable investment in a better future. This year’s G7 summit has been more important than ever to accelerate multilateralism and global solutions. F20 has hosted a high-level one-day conference, gathering leaders from business, policy and civil society in Munich some days prior to the G7 summit end of June. F20 aims to connect the G7 agenda with that of the G20 through the compiled F20 recommendations addressing the G7, a subgroup of the highly industrialised major emitters of the G20, as well as the G20 itself.
The G20 Presidency of Indonesia for 2022 started on December 1, 2021. In the wake of the new G20 host, F20 actively engaged to establish and enhance a trustful working relationship with its Indonesian partner foundations, The Habibie Center, Bina Swadaya Foundation, YDBA-Foundation and Wahid Foundation and other stakeholders in Indonesia. Over the course of the Indonesian G20 Presidency, Dr. Ilham Habibie (The Habibie Center) is holding the F20 Co-Chair position. It is within this context that the annual F20 flagship event – the F20 Climate Solutions Forum – will take place some weeks prior to the G20 Summit (15-16- Nov, Bali) in Jakarta, Indonesia.