G20 Rio meeting: Last chance before major climate talks in Azerbaijan

Worldʼs biggest economies gather in Rio to tackle climate-finance issues before crucial UN talks. G20 nations controlling most of global economy aim to boost chances for successful climate deal

November 19 2024 , 09:35 AM  •  1056 views

G20 Rio meeting: Last chance before major climate talks in Azerbaijan

The worlds top-20 economies are meeting in Rio tomorrow to shape-up climate deals and clean-up energy plans (these nations control about eighty-five percent of global money flows and make most of earths pollution)

Key discussions focus on money-flow changes: from todays climate-funding to future mega-spending. The G20 group wants to push billions into trillions — a big-time boost thats needed right now. Luiz Inacio Lula da Silva points to weather problems across the globe that need quick fixes

The timing is super-important — with COP29 talks happening in Baku this week and next years possible US policy switch-up. These top economies want to lock-in solid plans before any big changes happen in early-2025. Their late-night paper shows they want more cash; but doesnt say exactly how much

Rich countries think its time for places like China and mid-east nations to chip in‚ while less-wealthy ones dont agree. A deal that would let developing countries help out if they want to didnt make it to the final paper

The group also wants to:
* Fix plastic mess worldwide by 2024s end
* Make clear rules about who pays what
* Get moving faster on green energy plans

The Azerbaijan meeting boss asked for help yesterday — saying these big players need to step-up and clear the way for talks that got stuck in Baku. Money-wise smart people say we need about a trillion dollars each year; but nobody agrees on whos paying what