G20 leaders pose for a group photo at the G20 Summit in Brisbane, Australia, on November 15th, 2014. (Photo: Xinhua)

The statement said the long-term stability of oil markets will be the key to the success of reforms that the G20 members have pledged and to the group’s economic growth, which is expected to increase 2.1% in the next 5 years. G20 leaders also agreed to foster energy co-operation and hold a meeting of energy ministers next year to discuss reforms in the global energy system.
The G20 Summit issued another statement on climate change urging stronger and more effective actions. The document reiterates financial support for environmental programs, such as the UN Green Climate Fund. Japan agreed to give 1.5 billion USD and France and Germany each promised to give 1 billion USD to the fund.