The Group of 20 (G20) held its annual Leaders' Summit in Saint Petersburg, Russian Federation, to work towards strengthening economic growth and creating jobs. The resulting G20 Leaders' Declaration addresses: enhancing trade, financial regulation and consumer protection; promoting development for all, including through attainment of the Millennium Development Goals (MDGs) and the post-2015 development agenda; sustainable energy policy; and combating climate change. At the meeting, which took place from 5-6 September 2013, and was hosted by current G20 Chair, Russian President Vladimir Putin, leaders also adopted the St. Petersburg Action Plan on structural reforms to strengthen growth, including boosting investment, productivity and competitiveness, increasing labor force participation, and improving financial stability and credit access. On combating climate change, the Declaration notes that the cost of its impact on the world economy will grow with additional delay in action, commits to full implementation of recent UNFCCC COP outcomes, and supports efforts toward adoption of "a protocol, another legal instrument, or an agreed outcome with legal force" applicable to all Parties by 2015. On sustainable energy policy, the signatories express a common interest in cleaner, more efficient and reliable energy supplies, and commit to taking steps to develop such technologies. They welcome efforts to promote sustainable development, energy efficiency, inclusive green growth and clean energy technologies and energy security, for long-term prosperity and well-being in their countries. They also, on phasing out inefficient fossil fuel subsidies, support a voluntary peer review process and request reports from Finance Ministers by the next G20 Summit.
http://climate-l.iisd.org/news/g20-leaders-adopt-declaration-action-plan/

To read G20 Leaders' Declaration click here