G20 Summit Tensions: Diplomats Struggle for Consensus on Climate, Tax, and Ukraine Conflict
November 19, 2024European Commissioner Wopke Hoekstra expressed cautious optimism about the potential for a positive outcome, despite the slow progress in negotiations.
As the summit approaches, the pressure mounts for negotiators to find viable solutions that address both environmental and humanitarian crises.
The document emphasizes the need for intensified efforts to protect and conserve forests, calling for increased action against deforestation.
The ongoing discussions highlight the complexities of balancing economic interests with the urgent need for climate action and social equity.
Ahead of the G20 leaders' summit in Rio de Janeiro, diplomats are struggling to find common ground on critical issues such as climate change financing, taxation of the wealthy, and the ongoing conflict in Ukraine.
Li Shuo from the Asia Society criticized the draft negotiation text for lacking compromise, as it presents extreme positions without a path forward.
Activist Tasneem Essop noted the inspiring mobilization of people during protests, despite skepticism about achieving a favorable financial deal from the negotiations.
Portugal announced an annual contribution of $300,000 to the Global Alliance Against Hunger and Poverty, reflecting a commitment to addressing global challenges.
Some multilateral development banks are beginning to offer guarantees to mitigate risks for private investors, aiming to attract more capital for sustainable projects.
Stiell highlighted the urgent need for increased grants, loans, and debt relief for vulnerable countries to support ambitious climate action.
The environmental impacts of military conflicts were underscored by Palestinian and Ukrainian officials, emphasizing that environmental protection is a fundamental human right.
Concerns were raised about the exploitation of natural resources, which is often linked to climate change and human rights violations.
Summary based on 289 sources
Get a daily email with more World News stories
Sources
The New York Times • Nov 17, 2024
What It’s Like Reporting From COP29, the UN Climate SummitForbes • Nov 17, 2024
COP29’s First Week Exposes Urgent Need For Climate FinancingForbes • Nov 20, 2024
COP29: A Crossroads For Climate ActionForbes • Nov 19, 2024
COP29: Smallholder Farmers Being Left Behind