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.
The government sustained the reform momentum in consonance with its pandemic response. For instance, it pursued the passage of the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act, which cut corporate income tax to make it competitive with our ASEAN neighbors and we rationalized the fiscal incentives system.