G20 leaders face tough choice over global climate money split in Rio
Worldʼs biggest economies gather in Rio to tackle climate-finance deadlock at COP29 talks. Key discussions focus on who should pay for global warming solutions as developing nations push back against new contributions
The G20 meet-up in Rio this week puts climate-cash talks front-and-center‚ while COP29 folks in Azerbaijan cant break through money disagreements (its a real head-scratcher for everyone involved)
At the Rio get-together starting nov/17‚ Antonio Guterres made his point clear: G20 nations — making up 85% of world money and three-quarters of earth-warming gases — need to step-up. The mega-economies should lead the way; theres no two ways about it
The whole thing gets extra-complex with Donald Trump maybe coming back to power: he might pull-out from climate deals again and undo Joe Bidenʼs green-focused work. Meanwhile Bidenʼs checking out the Amazon before heading to Rio — a first-ever rain-forest visit for a US president
All countries must do their part But the G20 must lead
Money-talk problems are everywhere: rich countries want places like China and Middle-East oil-makers to chip-in‚ but developing nations arenʼt having it. The numbers are big too — experts say we need at least $1-trillion for this climate-fix thing
- G20 controls most world banks that handle climate cash
- Current world heating path hits 2.6°C increase
- Brazilʼs planning big stuff for next years COP30
- Mission 1.5 tries to keep warming under control
Philip Davis from Bahamas puts it straight: hitting that one-point-five degree target needs mega-action from G20 nations; theres no other way around this thing
