The full transcript is here.
In Pittsburgh, the world’s major economies agreed to continue our effort to spur global demand to put our people back to work. We committed ourselves to economic growth that is balanced and sustained— so that we avoid the booms and busts of the past. We reached an historic agreement to reform the global financial system—to promote responsibility and prevent abuse so that we never face a crisis like this again. And we reformed our international economic architecture, so that we can better coordinate our effort to meet the challenges of the 21st century.
We also established American leadership in the global pursuit of the clean energy of the 21st century. I am proud that the G-20 nations agreed to phase out $300 billion worth of fossil fuel subsidies. This will increase our energy security, reduce greenhouse gas emissions, combat the threat of climate change, and help create the new jobs and industries of the future.
In New York, we advanced the cause of peace and security. I joined the first meeting between Israeli and Palestinian leaders in nearly a year—a meeting that even nine months ago did not seem possible. And we resolved to move forward in the journey toward a just, lasting and comprehensive peace in the Middle East.
We also took unprecedented steps to secure loose nuclear materials; to stop the spread of nuclear weapons; and to seek a world without them. As the first U.S. president to ever chair a meeting of the United Nations Security Council, I was proud that the Council passed an historic and unanimous resolution embracing the comprehensive strategy I outlined this year in Prague.
