HANGZHOU, China (AP) — The Latest on the G-20 summit in China (all times local):
The leaders of Brazil, Russia, India, China and South Africa held an informal meeting to reaffirm their loose alliance known as the BRICS group of emerging market powerhouses.
In opening remarks, Chinese President Xi Jinping said the bloc should grow alongside the Group of 20, which holds its summit Sunday afternoon in the eastern Chinese city of Hangzhou.
The BRICS leaders will meet again next month when they hold their own summit in India.
Xi also congratulated Brazil on holding a “successful Olympics,” despite the fact neither he or any of the other BRICS leaders attended to avoid offending Brazilian sensitivities amid a bitter struggle over the country’s leadership.
The United Nations’ top climate official is thanking the United States and China for ratifying the global climate agreement reached in Paris.
Patricia Espinosa said in a statement Saturday that the accord offers an “opportunity for a sustainable future for every nation and every person.” She added: “The earlier that Paris is ratified and implemented in full, the more secure that future will become.”
The agreement will take effect 30 days after the date when 55 countries representing at least 55 percent of global emissions have formally joined it. The U.N. Framework Convention on Climate Change says the U.S. and China joining up brings the total so far to just over 39 percent.
Secretary of State John Kerry says the U.S. and China “demonstrated their continued, shared commitment to climate leadership” by formally joining the landmark climate agreement reached last year in Paris.
Kerry said in a statement that when the U.S. and China “come together to take action on climate, it moves the needle in a way that no two other nations can accomplish.”
He added, however, that “it is essential for the Paris Agreement to enter into force as quickly as possible.”
The agreement reached last year will go into effect if ratified by at least 55 countries representing 55 percent of the world’s man-made emissions. Together, China and the United States represent 38 percent of the world’s total.
Earlier Saturday, President Barack Obama and Chinese President Xi Jinping presented documents formally entering their countries into the climate agreement. China and the United States are the world’s top two producers of man-made carbon emissions.
Chinese President Xi Jinping says the Group of 20’s meetings should be transformed into a mechanism that delivers long-term guidance on the global economy, rather than one that just responds to crises.
Xi said in a speech Saturday that the G-20 was at a “crucial juncture,” one day before its summit opens in the eastern Chinese city of Hangzhou.
The G-20 held its first leaders’ summit during the 2008 economic crisis and now convenes annually with representatives from a mix of industrialized and developing economies.
China’s hosting of the two-day summit is seen as part of its drive to cement its place among global economic leaders. In his speech Saturday, Xi said China would cut steel and coal production to reduce excess capacity and “sustain long-term development.”
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