G20 Leaders Fail to Advance Climate Commitments Ahead of COP29
At the G20 summit in Rio de Janeiro on November 18, 2023, leaders did not reaffirm their commitment to transition away from fossil fuels, a pledge made at COP28 in Dubai. The summit concluded without significant progress on climate negotiations, especially concerning funding for climate adaptation between developed and emerging nations. While they called for increased climate finance in developing countries and suggested taxing the super-rich, critics expressed disappointment, citing a lack of substantive action from the G20 in tackling climate challenges.