Global consistency is important, as fragmentation of standards across jurisdictions is confusing for investors and costly for companies. Standards are currently being drafted in many countries and regions. It is therefore important to strive for an early global understanding, before national choices become entrenched. To some extent, every country will choose its own path to decarbonise, depending on national circumstances.
However, climate change knows no boundaries. Tackling it is a global challenge that calls for strong international cooperation. With appropriate coordination, every country’s effort is reinforced by the actions of all the others. That is why the Italian Presidency of the G20 chose climate change as one of its key priorities, with a focus on data and disclosure in the Finance track.