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Wednesday, June 19, 2024

2022 Bali Commitments: G20 Members Achieve 79% Compliance – Researchers

Report from New Delhi, India says, the compliance rate among G20 members for the commitments made during the 2022 Bali Summit in November has reached an impressive 79%, according to the recently released 2022 Bali Summit Final Compliance Report.

The comprehensive report is a product of the diligent efforts of researchers from the G20 Research Group, situated at the University of Toronto, in collaboration with the Center for International Institutions Research at the Russian Presidential Academy on the National Economy and Public Administration.

The report scrutinizes the efforts made between November 16, 2022, and August 21, 2023, to uphold 15 priority commitments. These commitments were selected from the 223 pledges made by world leaders during the Bali Summit.

This notable accomplishment marks a four-point increase from the interim compliance score of 75%, which assessed progress up to the end of April.

Based on a comprehensive database of compliance assessments generated by the G20 Research Group, the 2022 Bali Summit has outperformed the previous peak of 79% compliance observed for commitments made during the 2018 Buenos Aires Summit.

The European Union leads the pack in terms of compliance with the Bali Commitments, boasting an impressive 97%.

Australia and Germany closely follow with compliance rates of 93%, and Canada, Korea, and the United Kingdom are not far behind, all recording compliance rates of 90%.

Host nation Indonesia secures the 15th position with a commendable 73% compliance rate, surpassing the average of 71% for all 17 summits held between 2008 and 2022.

India, shares the 7th position with Argentina, both achieving a robust 87% compliance rate.

These commitments encompass a wide range of issues on the G20 agenda, along with priorities selected by the Indonesian hosts.

The commitment focused on promoting sustainable development, resource efficiency, and a circular economy tops the compliance list with an impressive 90%.

Following closely are commitments related to the Paris Agreement on climate change and macroeconomic stability, both achieving compliance rates of 85%.

Commitments concerning Data Free Flow with Trust, energy access, and food security also perform well, with compliance rates of 83%.

However, the commitment related to the Common Framework for Debt Treatment lags behind, recording the lowest compliance rate at 50%. — SG

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