Indonesia is optimistic it can reach net zero emissions before 2050, a decade earlier than previously targeted, President Prabowo Subianto told a G20 forum.
G20 leaders met in Rio to boost climate action, calling for increased finance and progress at COP29 in Baku. Key goals include aiding developing nations, addressing global warming, and finalising a treaty on plastic pollution by 2024.
U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.
G20 leaders in Rio addressed global conflicts, including Gaza and Ukraine, and called for greater cooperation on climate change, poverty, and tax reform. Brazil launched a global alliance against hunger, while China and the U.S. focused on supporting developing nations.
Chinese President Xi Jinping unveiled eight key measures at the G20 Summit to boost the "Global South," including enhancing the Belt and Road Initiative and launching an "Open Science" partnership with Brazil, South Africa, and the African Union.
UN Secretary-General António Guterres calls on G20 leaders to tackle global crises, push for peace, reform international systems, and take urgent climate action ahead of the Rio Summit. “Our times demand bold leadership and swift solutions,” he urged.
Global climate finance took centre stage as G20 leaders in Rio reached a fragile consensus amidst heated debates, echoing unresolved tensions at COP29 in Baku. As major economies face mounting pressure to fund climate efforts, the future of global warming targets hangs in the balance.
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