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G20 promises to focus more on climate goals

The so-called communiqué issued by the G-20 summit held this weekend in Rome is the result of difficult negotiations.

According to the draft, countries should “continue their efforts” to achieve the goal of keeping temperature rise clearly below two degrees, with a goal of limiting it to 1.5 degrees compared to pre-industrial levels.

Aiming for zero in net emissions

The goal of reducing greenhouse gas emissions by 2050 was also confirmed, despite the fact that this is a target that many of the world’s largest emitting countries have not yet committed to.

G20 leaders also pledge to phase out inefficient government aid to fossil energy in the medium term, and promise to do everything they can to stop building coal-fired power plants without technologies that reduce carbon dioxide emissions.

At the same time, in light of the global energy crisis in the fall, G-20 leaders promise to ensure stable energy supplies without the risk of disruption.

In the draft, the G20 leaders also emphasized the importance of fulfilling the promise to support developing countries of $100 billion annually by 2025.

G20 leaders are also set to back an OECD agreement on a global minimum corporate tax of 15 percent from 2023, in their conclusions from the summit, according to Reuters.

Also fishing issues

According to the draft, the contacts also relate to fisheries issues, with G20 leaders promising to take concrete measures to stop unregulated fishing, illegal deforestation, illegal mines and the illegal trade in wild animals.

The G20, founded in 1999, includes the world’s largest economies, led by the United States and China. Other member countries are Argentina, Australia, Brazil, France, India, Indonesia, Italy, Japan, Canada, China, Mexico, Russia, Saudi Arabia, United Kingdom, South Africa, South Korea, Turkey, Germany. The European Union was also represented at the meetings, as was a Spanish guest delegation.

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The leaders at the G20 summit represent countries with 60% of the world’s population and 80% of the global economy.