G20 Leaders Convene in Brazil to Address Climate Change and Global Poverty
High-profile summit to discuss climate finance, taxing billionaires, and global leadership amid geopolitical tensions.
The G20 summit brings together world leaders in Rio de Janeiro, Brazil, with a focus on combating poverty and increasing climate finance.
The event, hosted by Brazilian President Luiz Inacio Lula da Silva, highlights Global South issues, climate change, and economic inequality.
US President Joe Biden attends, marking his final summit while Chinese President Xi Jinping emerges as a key figure advocating for free trade against Trump's 'America First' policies.
The summit occurs against the backdrop of COP29 in Azerbaijan, where discussions on climate finance have stalled.
UN Secretary-General Antonio Guterres urges G20 nations, responsible for 80% of global emissions, to demonstrate leadership.
Developments are anticipated amid Brazil's severe wildfire season, attributed to climate change.
A Brazilian source indicated resistance from China and other developing nations towards wealthy countries' climate funding demands, but remains optimistic about progress.
Security has tightened in Rio following a failed right-wing extremist attack on Brazil's Supreme Court in Brasilia.
President Lula, set to open with the 'Global Alliance against Hunger and Poverty,' advocates for higher taxes on billionaires.
The summit avoids geopolitical conflicts from Ukraine and the Middle East, focusing on pressing global poverty.
Russian President Vladimir Putin, sought by the International Criminal Court, is notably absent, deciding not to attend to avoid disruption.
Ahead of the summit, a draft statement is ready for leader approval, signaling potential consensus on critical issues excluding fossil fuel discussions, despite the G20's prior commitment to renewable energy expansion.