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Thursday, December 9, 2021

Climate, vaccines and economy among the topics discussed at G20

World leaders met today at the G20 in Rome where climate, vaccines and the economy lead the discussions.

The two-day talks, which began yesterday, place pressure on world leaders to make headway on tackling climate change ahead of the COP26 summit in Glasgow.

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Yesterday, United Nations Secretary-General Antonio Guterres warned G20 leaders to show “more ambition and more action” in relation to tackling climate change.

Leaders were met by Italian Prime Minister Mario Draghi as they arrived in the “Nuvola” convention centre, which is a southern Rome district that was built by Benito Mussolini.

US President Joe Biden, French President Emmanuel Macron, German Chancellor Angela Merkel and British Prime Minister Boris Johnson will be meeting for talks on Iran.

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Russian President Vladimir Putin and Chinese President Xi Jinping were absent from G20 and only attended by videolink.

Draghi called for the G20 to commit to limiting the temperatures from rising above 1.5 degrees above pre-industrial levels.

Boris Johnson, who will be hosting the COP26 meetings stated that both G20 and COP26 were incapable of stopping global warming and that the most we can do is slow down the increase.

He stated, “You saw that with the decline and fall of the Roman Empire, and I’m afraid to say that it’s true today unless we get this right in tackling climate change,”.

G20 leaders signed off on a 15% minimum corporation tax which is expected to end tax optimisation, which is when global corporations shelter profits by operating in countries where there is a low-tax system.

This new global tax is expected to add $150 billion to global tax revenues on an annual basis.

Finance and health ministers said they would take steps to help “boost the supply of vaccines, essential medical products and inputs in developing countries and remove relevant supply and financing constraints.”

There are no new pledges expected on vaccines at the summit.

IMAGE – Gage Skidmore/”PM Boris Johnson speaking at the opening of the UK-Africa Investment Summit in London, 20 January 2020″ by DFID – UK

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