At their summit in Bali on Wednesday, members of the group reaffirmed their commitment to limit global warming to 1.5 C above industrial temperatures, and urged developed countries to follow through on providing US$100 billion a year for climate financing to developing nations. (The Logic)

Talking point: The declaration comes amid tense climate negotiations at COP27 in Sharm el-Sheikh, Egypt, where parties have raised concerns that the 1.5 C target for rising global temperatures will be softened. Allowing for more than 1.5 C warming would result in more extreme storms, heat waves and droughts, scientists warn. The decision in Bali sends a strong signal to negotiators at COP27, and is expected to influence the outcome of the final document nearly 200 countries will sign when the climate conference wraps at the end of this week.