During their meeting on 23 April, in Washington DC, the V20 announced they would pioneer innovation in climate finance to help secure continued economic development among its members while tackling the costly economic impacts of climate change.

The group said it is seeking ambitious climate action from G20 economies.

The concrete steps pursued by climate-vulnerable countries include low-emission development, shift in financial flows towards achieving 100% renewable energy, and stronger risk financing and insurance for vulnerable economies.

You can read the full press release HERE