Leaders of the G20 met in Hangzhou on 4-5 September 2016. They reaffirmed the commitment to further “align their work” with the universal implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda on financing for development by endorsing the G20 Action Plan on the 2030 Agenda. They welcomed, indeed, the establishment of the Technology Facilitation Mechanism and stressed the importance of enhanced cooperation on technologies to achieving sustainable development. They launched the G20 Initiative on Supporting Industrialization in Africa and LDCs to strengthen their inclusive growth and development potential through voluntary policy options, as promoting inclusive and sustainable structural transformation; supporting sustainable agriculture; deepening, broadening and updating the local knowledge and production base; promoting investment in sustainable and secure energy, exploring ways to develop cooperation on industrial production; supporting industrialization through trade in accordance with WTO rules and promoting science, technology and innovation as critical means for industrialization; and supporting equitable access to finance. To promote investment with focus on infrastructure they stressed the importance of quality infrastructure investment, which aims to ensure economic efficiency in view of life-cycle cost, safety, resilience against natural disaster, job creation, capacity building, and transfer of expertise and know-how on mutually agreed terms and conditions, aligning with economic and development strategies. In that perspective, they welcomed the Joint Declaration of Aspirations on Actions to Support Infrastructure Investment by 11 multilateral development banks (MDBs) and the Annotated Public-Private Partnership (PPP) Risk Allocation Matrices completed by the Global Infrastructure Hub (GIH) to help developing countries better assess infrastructure risks. They recognized quality employment as indispensable for sustainable development and entrepreneurship as an important driver for job creation and economic growth, reinforcing their commitments in the G20 Entrepreneurship Action Plan and welcoming China's contribution in the establishment of an Entrepreneurship Research Center on G20 Economies. Finally, strong and effective support and actions to address climate change are promised, by reiterating their commitment to complete the respective domestic procedures in order to join the Paris Agreement and to enable it to enter into force by the end of 2016. The gLAWcal Team POREEN project Wednesday, 7 September 2016 (Source: G20 2016 China Media Center) This news has been realized by gLAWcal—Global Law Initiatives for Sustainable Development in collaboration with University Institute of European Studies (IUSE) in Turin (Italy) which is beneficiary of the European Union Research Executive Agency IRSES Project “Partnering Opportunities between Europe and China in the Renewable Energies and Environmental iNdustries” - POREEN, Work-package 4.

@