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What is G20

Global Challenges for the Environment and Climate Change
The 20 most developed economies in the world.
Published in Chapter:
Relationship Between Fiscal Policies and Green Economy: An Application for G20 Countries
Dilek Murat (Bursa Uludag University, Turkey) and Betül İnam (Bilecik Seyh Edebali University, Turkey)
Copyright: © 2024 |Pages: 20
DOI: 10.4018/979-8-3693-2845-3.ch019
Abstract
The fact that climatic changes in recent years have occurred at record levels is an indication that a new era awaits the world. The main reason causing global warming is CO2 emission rates. CO2 emissions from fossil fuel use and industrial processes account for approximately two-thirds of current greenhouse gas emissions. Representing 85% of the world's population and 65% of world GDP, G20 countries are also responsible for 76 percent of global emissions. This study will be an analysis of the impact of fiscal policy on the green economy. The performance of the G20 countries with regard to the green economy will be analysed. This study examines data for 2020 using the EDAS methodology, covering sixteen countries by establishing six criteria. According to the empirical findings, the country with the best performance is France, followed by Italy and the UK. The countries with the weakest performance are identified as China, India and USA, respectively.
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More Results
How to Deal With Corporations' Complicatedness: A Brazilian Example
The Group of 20 is an organization of finance ministers and central bank governors from 19 individual countries and the European Union. It includes Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, the United States and Turkey. It bills itself as the “premier forum for international economic cooperation - The group meets every year and collectively, its members represent more than 80 percent of the world’s gross domestic product. Established in 1999 after a series of major international debt crises, the G20 aims to unite world leaders around shared economic, political and health challenges. It is a creation of the more select Group of 7, an informal bloc of industrialized democracies. (Based on information from The New York Time, 2019).
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The Tourism Sector's Impact on Carbon Emissions: An Empirical Analysis of Transitioning G20 Countries
Together with the European Union, 19 major developed and emerging countries form the Group of Twenty.
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Making the Most of Big Data for Financial Stability Purposes
Group of Twenty (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union).
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International Trade in the Context of the COVID-19 Pandemic
An international forum, made up of 19 countries and the European Union, representing the world's major developed economies. Together, the G20 members represent 85% of global GDP, 75% of international trade and two-thirds of the world's population.
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