G20 leaders address humanitarian crises, climate action and global tax on billionaires

At the 19th G20 Leaders’ Summit in Rio de Janeiro, Brazil, leaders addressed critical global issues, including the humanitarian crises in Gaza, Lebanon, and Ukraine, as well as climate change action and sustainable development.

G20 focuses on Gaza, Lebanon’s humanitarian crisis

• Catastrophic impact: Since October 2023, Israeli attacks have resulted in significant loss of life—around 45,000 in Gaza and 3,500 in Lebanon.
• Humanitarian aid: The G20 called for an increase in humanitarian aid and the removal of all barriers to its delivery.
• Commitment to peace: Leaders reaffirmed support for the Palestinian people’s right to self-determination and a two-state solution.

Russia-Ukraine war

• Global consequences: The war’s impact on global food and energy security, inflation, and macroeconomic stability was highlighted.
• Call for diplomacy: The G20 stressed the importance of peace talks and diplomatic efforts to resolve the conflict.

Climate action, global cooperation

• Financing for developing nations: G20 leaders reiterated their commitment to fighting climate change with increased financial support for poorer nations.
• Forest conservation: A stronger focus was placed on preserving forests and avoiding unfair trade restrictions based on climate policies.
• Energy transition: The group emphasized accelerating the transition to clean, sustainable and affordable energy.

Global tax on billionaires

• Brazil’s proposal: Brazil suggested a global tax on billionaires to raise $200-250 billion annually to address poverty, hunger and climate change.