2024-11-19 17:55:09
Politics
Climate Change
G20's Ambitious Agenda Faces Challenges
Image courtesy of : AFP (ALEXANDER NEMENOV)
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The G20 countries have agreed on a final declaration that addresses central projects of Brazil, including the fight against hunger and climate change. They want to tax the super-rich more effectively and develop mechanisms to combat tax avoidance. They also call for a ceasefire in the Middle East and Lebanon.
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The G20 summit in Rio reveals deep rifts among the world's most important economic nations. Despite global crises, the participants are indulging in platitudes - without tangible progress. A weak signal in uncertain times.
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Developing countries are demanding up to 1.3 trillion dollars in annual payments from the industrialized nations. This could cause the climate summit in Baku to fail. Why the wealthy states should see the demand as an offer.
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