The main forum for climate change will remain with the United Nations Framework Convention on Climate Change (UNFCCC).

However, we were clear in Washington that we must not allow the financial turmoil to distract us from meeting our wider objectives to meet the challenges of climate change and development. It is possible leaders will want to consider the link between economic recovery and moving to a low carbon growth path, as well as climate aspects of international financial institutions reform to ensure we can ensure a green recovery.

The G20 Finance Ministers will stick to their agreed work plan to consider climate financing issues, with the intention of feeding in this work to the broader UNFCCC process which will conclude in Copenhagen at the end of 2009.

The aim is to support and complement the United Nations process and we look forward to discussing a range of mechanisms including, in particular, further development of carbon markets.