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Climate change, financial regulation to top G20 agenda: expert

Two very big issues at the upcoming G20 summit in Pittsburgh, Pennsylvania scheduled from Sept 24-25 will be climate change and financial regulations, said an expert in an interview with chinadaily.com.cn last week.

Martin Walker, senior director of Global Business Council at A.T. Kearney Inc , a global management consultant firm, said there would be hot discussions on climate change at the Pittsburgh summit. But he didn't expect a complete solution in Copenhagen in December, "because I do not think the US Senate will have passed the climate change bill by then."

In the fight against climate change, " China will be part of the solution, not the problem," Walker noted.

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Walker expects world leaders will discuss forming an international financial system to prevent banks from taking crazy risks in the future, in addition to discussing climate change.

The bank system is "still sick", according to Walker. "If we say some banks are too big to fail, those banks are even bigger now and the IFM says we still have $4 trillion to write off, almost the size of China's economy."

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