Climate Crisis and Global Conflicts Dominate G20 Summit Opening
The climate crisis, along with the conflicts in Ukraine and the Middle East, took center stage on the first day of the G20 summit in Brazil on Monday. In a joint statement, leaders from the world’s major economies condemned the suffering in Gaza and Ukraine and emphasized the need for cooperation on poverty reduction, tax policy, and climate change.
UN climate chief Simon Stiell had urged G20 leaders over the weekend to break the deadlock in climate finance negotiations ahead of COP29 in Azerbaijan. The summit aims to mobilize hundreds of billions of dollars for climate adaptation and mitigation in developing countries.
The G20 statement called for a “rapid and substantial increase” in climate finance, but did not propose a specific solution for how much rich nations should contribute. The debate continues over whether to expand the contributor base to include wealthier developing nations like China and Middle Eastern countries.
On Tuesday, leaders are set to discuss sustainable development and the transition to cleaner energy, while working to strengthen global efforts on climate change before a potential shift in US policy under a possible Trump presidency.