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2024-11-17 13:29:08
Climate Change
Politics
Finance
G20 Summit in Rio: A Crucial Climate Finance Turning Point
Image courtesy of : AFP (ALEXANDER NEMENOV)
The G20 summit in Rio de Janeiro is under intense global scrutiny as leaders strive to overcome the deadlock in climate finance discussions. This gathering of the world’s 19 largest economies and the EU represents over 60% of the global population and 80% of economic power. Consequently, their decisions on climate finance are pivotal, especially with developing nations anxious about the impacts of climate change.
In parallel, the COP29 summit in Baku has highlighted the pressing need for a robust climate finance framework. Experts emphasize the necessity for trillions in financial commitments to facilitate the transition to clean energy and address climate change's dire consequences. Despite the urgency, progress at COP29 has been criticized as sluggish, with fossil fuel lobbying posing significant challenges.
Germany's optimism for a credible agreement contrasts with the slow negotiations. The absence of prominent leaders like Russia's Putin at the G20 underlines the complexity of reaching consensus. As climate change continues to threaten global stability, the G20's ability to resolve these issues in Rio could set a precedent for future international climate efforts.
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The Guardian
The Observer view: the Cop summit is foundering, we need urgent action not more hot air
Environment
Politics
Experts say the failing UN Cop climate summits need urgent reform, with rising emissions, degrading carbon sinks, and 2.9C warming possible. Cop29 in Baku, Azerbaijan has seen little progress, with the president defending fossil fuels. The climate thinktank Power Shift Africa calls this the "worst first week" of a Cop. Reforms are needed: exclude non-supporters, make summits smaller and more frequent, hold nations accountable, and address the influence of thousands of fossil fuel lobbyists att..
Tagesspiegel
G20 Summit in Rio de Janeiro: Eleven Things You Need to Know About the G20
Politics
Economy
Environment
The G20 is a group of 19 countries and the EU, representing over 60% of the world's population and 80% of global economic power. Not all heads of state and government will be present at the summit in Rio de Janeiro - Russian President Putin and Saudi Crown Prince Mohammed bin Salman will be absent. International organizations, Spain, Singapore and 18 other guest countries will participate. The African Union has been a new member since last year. In addition to financial and economic issues, the..
t-online
Eleven Things You Need to Know About the G20
Politics
Economy
Finance
Environment
The G20 is a group of the 20 strongest economies in the world, representing 60% of the world's population and 80% of global economic power. At the summit in Rio de Janeiro, not all heads of state and government are present - Russian President Putin and Saudi Crown Prince Salman are missing.
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