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

G20 leaders address humanitarian crises, climate action and global tax on billionaires G20 Brasil 2024 (AFP Photo)
By Newsroom
Nov 19, 2024 10:42 AM

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.

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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.
G20 leaders address humanitarian crises, climate action, and global tax on billionaires
Rescuers of the State Emergency Service inspect the remains of a residential building after a strike in Kharkiv, on November 1, 2024, amid the Russian invasion in Ukraine. – Two missiles struck a police station in Ukraine’s second city of Kharkiv on November 1, 2024 afternoon, killing a policeman and wounding 30 other people, the national police chief said. (Photo by SERGEY BOBOK / AFP)
G20 leaders address humanitarian crises, climate action and global tax on billionaires
Tankers from the 33rd separate mechanized brigade of the Ukrainian Ground Forces fire with a Leopard 2A4 tank during a field training at an undisclosed location in Ukraine on October 27, 2024. (AFP Photo)

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

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.
Last Updated:  Nov 19, 2024 10:42 AM