The 19th G20 Summit, hosted by Brazil, took place in Rio de Janeiro on November 18th and 19th, 2024. This annual gathering of the world’s 20 largest economies is a crucial platform for addressing pressing global issues. The G20 2024 summit, themed “Building a Just World and a Sustainable Planet,” underscored Brazil’s commitment to social inclusion, environmental sustainability, and international governance reform. The theme emphasizes that global prosperity must not come while compromising with justice or the environment. Under such aspiration, the G20 will aim to encourage policies that promote equitable economic growth, protect vulnerable communities, and ensure that development efforts do not harm the planet.
Key Topics Of Discussions for the G20 Summit 2024
According to Lyrio, Brazil’s G20 Sherpa, the G20 Summit 2024 focused on a wide range of critical issues, including:
1. Global Alliance Against Hunger and Poverty
The launch of the Global Alliance Against Hunger and Poverty was the highlight at the opening ceremony on 18th November. The goal of this Brazilian-led campaign was to inspire nations and global institutions to start making strides toward ending hunger and poverty by 2030.
This project, which aims for effective action in line with the Sustainable Development Goals, is anticipated to be one of the summit’s key centerpieces.
The goal of the alliance is to mobilize nations to combat hunger more successfully.
2. Global Governance Reform
In order to ensure that the United Nations, International Monetary Fund, World Bank, and World Trade Organization reflect modern global realities, the summit will examine measures to modernize these important international organizations.
According to Ambassador Lyrio, it is a reform of the “institutions born with Bretton Woods,” promoting an efficient and equitable system of governance.
3. Energy Transitions
The conversation about energy transitions will cover ways to lessen the effects of the climate catastrophe. Since the majority of the world’s carbon emissions come from G20 nations, the summit will concentrate on strategies for creating a more sustainable and greener economy.
In keeping with the summit’s main topic of a sustainable planet, Brazil, a leader in environmental policy, is anticipated to highlight an energy transition strategy that takes into account local conditions and improves access to clean energy resources.
Brazil’s G20 Presidency
Brazil’s G20 Presidency aimed to position the country as a global leader in addressing climate change, social inequality, and sustainable development. The country emphasized the importance of inclusive multilateralism and the role of emerging economies in shaping the global agenda. The 19th G20 Summit also marked the first summit for the newly inducted member – the African Union. The AU was made a permanent member of the group of twenty during the 2023 summit in New Delhi, India
Other Highlights
Indian Prime Minister Narendra Modi had a number of high-profile bilateral talks with foreign leaders during the second leg of the tri-nation visit and on the fringes of the G20 Summit 2024 in Rio de Janeiro, Brazil, with the goal of enhancing India’s international collaborations in a variety of fields. His conversations with the leaders of France, the UK, Indonesia, Norway, Italy, and Portugal demonstrated India’s increasing diplomatic involvement and dedication to tackling common issues in trade, technology, climate change, and other areas.
Chinese President Xi Jinping took the occasion to announce a raft of measures designed to support the developing economies of the “Global South,” from scientific cooperation with Brazil and African nations to lowering trade barriers for least developed countries.
The Road Ahead
The G20 Summit 2024 provided a valuable platform for global leaders to exchange ideas, build consensus, and take action on pressing global challenges. While the summit concluded, the work to implement the agreed-upon actions and commitments continues. The G20’s role in shaping the global future remains crucial, and its ability to deliver tangible results will be closely watched.
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